AUD/USD Price Analysis: Technical outlook
After reaching a three-week low of 0.6477 earlier in today’s session, the AUD/USD staged a comeback and hovered circa the 0.6500 figure. Nevertheless, buyers must reclaim the latter, so they can remain hopeful of higher prices. Next key resistance levels lie at March 4 high at 0.6535, followed by the confluence of the 100 and 200-days moving average (DMAs) at around 0.6559/60. Up next would be the 0.6600 figure. On the other hand, a drop below the current weekly low will sponsor a leg-down toward the February 13 low of 0.6442, followed by the 0.6400 mark
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