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AUD/USD: Key support test as RBA looms – Societe Generale

Societe Generale’s Kenneth Broux highlights AUD/USD trading near its 200-day moving average around 0.7024, a historically important support.

Societe Generale’s Kenneth Broux highlights AUD/USD trading near its 200-day moving average around 0.7024, a historically important support.

The pair sits at the lower boundary of a descending channel with support at 0.6975 and resistance at 0.7090.

Market commentary only, not advice. 37 words on the desk. Trading involves risk. Headline credited to FXStreet.

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