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April, 29 - The AUD/USD pair has eroded the 0.6445 mid-April high

Dips lower should find initial support

 

audusd29042020AUD/USD has eroded the mid-April high at 0.6445 and we look for a test of the 0.6684/89 March high and 200-day moving average. Rise above the 200-day moving average at 0.6689 would put the 0.7000 regions back in play.

Dips lower should find initial support offered by the near term uptrend at 0.6373. Minor support is seen along with the 55-day moving average at 0.6339 and also at the 0.6265/55 recent lows.

Lang

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