Tue, 04 Jul 2023 10:55:38 GMT
AUD/USD respects round levels
Since early March, the AUD/USD currency pair has been respecting support and resistance zones that are located near round exchange rate levels. Most recently, the pair bounced off a support zone at 0.6570/0.6600.
A potential recovery of the Australian Dollar against the US Dollar could be slowed down by the 50 and 200-day simple moving averages at 0.6685 and 0.6750.