Mon, 11 Apr 2022 08:55:49 GMT
AUD/USD reaches support zone
Since the middle of Friday's trading hours, the AUD/USD currency pair has been located above a support zone at 0.7360/0.7425. The major zone acted as both support and resistance during late March. Meanwhile, the resistance of the 50-hour simple moving average was approaching the rate from above.
If the Australian Dollar recovers against the US Dollar, the 50-hour simple moving average