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AUD/USD: Key Support Zone Under Increased Pressure

AUD/USD: Key Support Zone Under Increased Pressure
Australian dollar hit new (marginally lower) 2023 low on Tuesday, in extension of fresh weakness, sparked by higher US dollar and drop in base metal prices. Bears cracked the floor of a larger range (0.6563/0.6818, since early March) and also pressure nearby key Fibo support at 0.6547(61.8% retracement of 0.6170/0.7157 uptrend), with sustained break of […] The post AUD/USD: Key Support Zone Under Increased Pressure appeared first on Action Forex... Read More
Posted: May 24 2023, 13:53
Author Name: actionforex
Views: 102295

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