AUDUSD forextrading - Is the $AUD Next One to Break a Major Support Level?
Enter your emailThe 50-Day EMA above is at the 0.69 level and shrinking quite drastically, suggesting that we are going to see a shorter ceiling going forward. has given up gains rather quickly during the day on Thursday as we continue to see a lot of US dollar strength.
The Australian dollar has been a bit more resilient than many of the other major currencies out there, so therefore it should not be a big surprise that we are still above this major support level in the form of the 0.67 level.off” type of trading out there, and that does work against the Australian dollar in general.With, if we break down below the 0.67 level, it’s very likely that the Aussie will go looking to the 0.65 level.
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