AUD/USD Retreats to Three-Week Low, Focuses on Key Support Zone
Thursday, 28 March 2024, 08:43
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AUD/USD Retreats to Three-Week Low
With the retreat today, the pair is down to its lowest since 6 March with price just under 0.6500 now.
Key Support Zone
Sellers remain in control, having kept a defense of the 200-day moving average (blue line) earlier this week.
- Sellers remain in control
- Dollar stays firm towards month-end and quarter-end
Despite positive sentiment, downside momentum in AUD/USD remains a concern as the dollar maintains crucial technical levels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.