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AUD/USD Price Analysis: Technical outlook

ia7145
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the AUD/USD continued to trade sideways after the release of the Fed’s minutes, though sellers stepped in around the 200-day moving average (DMA) at 0.6561, dragging prices below the 0.6550 area. If they would like to remain in charge, the pair must drop below the 100-DMA at 0.6547 and extend below the 0.6500 figure. Once that area is cleared, the next support emerges at the current year-to-date (YTD) low of 0.6442. On the upside, if buyers reclaim the 200-DMA, look for a challenge at the 0.6600 threshold.


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