AUDUSD continues to hold gains above the 0.6400 level
Hello dear readers!
Over the past month, the AUD/USD exchange rate has been moving sideways near the 0.6400 level in a downward trend. The main support zone has formed around 0.6350. Breaking below this level could lead to a new weakness in this pair. On the daily chart, the Australian dollar is showing slight positive signs as it is slightly higher than both the 34-day exponential moving average (EMA) and the 89-day EMA. To improve short-term prospects for the Australian dollar, this currency pair needs to consolidate above the 0.6500 level.
Support levels: 0.6410, 0.6390, and 0.6355
Resistance levels: 0.6445, 0.6475 ,and 0.6505
Over the past month, the AUD/USD exchange rate has been moving sideways near the 0.6400 level in a downward trend. The main support zone has formed around 0.6350. Breaking below this level could lead to a new weakness in this pair. On the daily chart, the Australian dollar is showing slight positive signs as it is slightly higher than both the 34-day exponential moving average (EMA) and the 89-day EMA. To improve short-term prospects for the Australian dollar, this currency pair needs to consolidate above the 0.6500 level.
Support levels: 0.6410, 0.6390, and 0.6355
Resistance levels: 0.6445, 0.6475 ,and 0.6505
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good luck everyone <3
