AUD/USD finally attracts buyers after 2.7% swoon since last week. Economists at Société Générale analyze the pair’s outlook. Support 0.6310, Resistanc
AUD/USD finally attracts buyers after 2.7% swoon since last week. Economists at Société Générale analyze the pair’sAUD/USD has failed to overcome the hurdle of 0.6525 representing high of late August and the 50-DMA. It is attempting a break below recent consolidation zone denoting a regain of downward momentum.
Next potential objectives are located at 0.6310, the trend line connecting lows of March and May and projections near 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. You should do your own thorough research before making any investment decisions.
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