AUD/USD holds key 200-DMA support – Société Générale
Source Fxstreet
AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.
AUD/USD eyes multi-month trend break
"AUD/USD has defended the 200-DMA near 0.6440/0.6410 in recent pullback; this is a key support zone. The decline has paused after this test and the pair appears to be evolving within a base."
"A brief rebound is likely however it will be interesting to see if the pair can overcome the multi-month descending trend line near 0.6630. Break beyond this hurdle is crucial for confirming a larger up move."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
USD/JPY tests 155 as Tokyo fix buying lifts pair – INGThe US Dollar (USD) recovered overnight after a brief dip on weaker ADP jobs data, with USD/JPY leading gains toward the key 155 resistance. Buying around the Tokyo fix and ongoing investment inflows into the US are keeping the pair supported, even as Japanese officials step up verbal warnings.
The US Dollar (USD) recovered overnight after a brief dip on weaker ADP jobs data, with USD/JPY leading gains toward the key 155 resistance. Buying around the Tokyo fix and ongoing investment inflows into the US are keeping the pair supported, even as Japanese officials step up verbal warnings.
Gold edges toward $4,200 as shutdown deal fuels aggressive December Fed cut betsGold trades near $4,195 in early Asian dealings, brushing up against the $4,200 mark as hopes for a U.S. shutdown-ending funding bill and a nearly 64% market-implied chance of a December Fed rate cut support XAU/USD, even as a divided Federal Reserve and upcoming policymaker speeches threaten to steady the dollar and cap bullion’s latest advance.
Gold trades near $4,195 in early Asian dealings, brushing up against the $4,200 mark as hopes for a U.S. shutdown-ending funding bill and a nearly 64% market-implied chance of a December Fed rate cut support XAU/USD, even as a divided Federal Reserve and upcoming policymaker speeches threaten to steady the dollar and cap bullion’s latest advance.
Bitwise's Matt Hougan Predicts a Crypto Boom in 2026 Amid Current Market Struggles
Gold (XAU/USD) reverses a modest Asian session dip and climbs to an over three-week high, around the $4,213 region, on Thursday.
Cisco’s Stock Pops After Smashing Earnings—Thanks to $1.3 Billion in AI OrdersCisco just dropped its latest earnings report—and investors are loving it. The company blew past expectations for both profit and sales in its fiscal first quarter, sparking a more than 7% jump in the stock after Wednesday’s closing bell.
Cisco just dropped its latest earnings report—and investors are loving it. The company blew past expectations for both profit and sales in its fiscal first quarter, sparking a more than 7% jump in the stock after Wednesday’s closing bell.
Related Instrument
