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AUD/USD keeps the early week bounce going

The stronger Chinese yuan is the main reason helping the antipodean currencies today, with AUD/USD leading gains as it is up 0.5% to 0.6770 currently. The pair continues to keep a bounce off its 200-day moving average from yesterday, but what is the rest of the technical picture saying?In the bigger picture, key resistance continues to lie closer to the June and early July highs near 0.6900. That's not quite in the frame for now but the 200-day moving average (blue line) at 0.6721 is. That now d... Read More

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Posted: Jul 25 2023, 06:44

Author Name: forexlive

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