Australian Dollar Price Action Setups: AUD/USD Downtrend Pauses at Key Support

The Australian Dollar is on course for the worst month since February. While AUD/USD maintains a bearish technical bias, key support levels have been reinforced.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyFX /  🏆 305. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AUD/USD Price Analysis: Pair treads water above 0.6400, technical indicates selling biasAUD/USD struggles to hold ground from continuing the losing streak, hovering around 0.6400 during the Asian session on Monday. The AUD/USD pair is exp
Read more »

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
Read more »

AUD/USD portrays cautious mood near 0.6400, China, central bankers in the spotlightAUD/USD holds lower grounds near 0.6400, struggling for clear directions after refreshing the yearly low during a five-week downtrend. The Aussie pair
Read more »

AUD/USD: Extra decline likely below 0.6365In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, losses in AUD/USD could accelerate once 0.6365 is breached.
Read more »

AUD/USD remains depressed below 0.6400 mark, seems vulnerable to slide furtherThe AUD/USD pair meets with some supply on the first day of a new week and trades with a mild negative bias through the early part of the European ses
Read more »

AUD/USD may see modest upside, but remain rangebound over the near termThe AUD is the worst-performing G10 currency so far this month. Economists at HSBC analyze Aussie outlook. The relative rate outlook could weigh on th
Read more »