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AUDUSD Technical Analysis

On the daily chart below for AUDUSD, we can see that the price has recently sold off from the top of the range and it’s now approaching the support at 0.6563. AUDUSD has been trading within this range since the Silicon Valley Bank collapse in March, so it hasn’t done much for 3 months now. The USD recently started to appreciate across the board as strong economic data suggest that the Fed may have to do more on the interest rates front and the market is slowly pricing in higher and higher chance... Read More

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Audusd

Technical

Analysis

Forex

Posted: May 23 2023, 10:28

Author Name: forexlive

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