AUD/USD stays supported above its 50-DMA, with constructive momentum pointing to additional upside towards 0.6685 and past. Quick-term assist holds close to 0.6500, Societe Generale’s FX analysts report.
AUD eyes subsequent targets at 0.6685 and 0.6720
“AUD/USD reclaimed the 50-DMA in April leading to a gradual up transfer. Current pullbacks have discovered assist round this MA highlighting prevalence of upward momentum. That is additionally denoted by the each day MACD, which stays anchored inside constructive territory.”
“The pair seems to be poised to proceed its up transfer. The following aims are positioned at 0.6685 and projections of 0.6720/0.6765. The MA at 0.6500 is a short-term assist.”
