AUD/USD Price Analysis: Technical outlook
The AUD/USD fell below the 200-day moving average (DMA) of 0.6556, opening the door for further losses. This comes after the RBA decision, and with speculations for a Fed “hawkish” tilt, that would exacerbate a dip to 0.6500. Further losses are seen below March 5 swing low of 0.6477, and the February 13 low of 0.6442. On the upside, the 200-DMA would be the first resistance, followed by the 50-DMA at 0.6558 and the 100-DMA at 0.6586
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