The AUD/USD could use all the help it can get, catching a minor bid into 0.6340 after testing 2023's lowest prices for the year last Friday. Broader m
The AUD/USD is seeing some lift on Monday, picking the pair up off the floor. It's been mostly down for the battered Aussie, which set a recent yearly low. Aussie traders will be on the lookout for the RBA's latest meeting minutes, due on Tuesday. arkets are stepping up the risk-appetite bids, moving away from the US Dollar and giving the Aussie a chance to catch its breath.
6295, and the AUD/USD has done nothing but lift since, sifting towards 0.6350 and aimed for a test into the 200-hour Simple Moving Average near 0.6365, while a further breakdown below Friday's floor of 0.6286 will see the pair set to make a new low for the year. Daily candles have the Aussie buried deep into bear country, with the AUD/USD off the 0.640 handle and stuck near 2023's fresh lows of 0.6285 set in the first week of October. The last swing high into 0.