AUD/USD decline has stalled near 0.6360. However, it has failed to reclaim recent pivot high at 0.6525. Economists at Société Générale analyze the pai
AUD/USD decline paused after touching the line since March at 0.6360. A large bounce hasn’t materialized; recent pivot high at 0.6525 is expected to be first layer of resistance near term.
Holding below 0.6525, there would be risk of one more down leg. Below 0.6360, next potential support is located at projections and October 2022 low of 0.6200/0.6170.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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