AUD/USD Flat Around Mid-0.7000s, Vulnerable Below 100-Day SMA
The AUD/USD pair attracts some buyers after hitting a nearly two-month low near 0.7025, but remains flat around the mid-0.7000s and appears vulnerable below the 100-day SMA.
AUDUSD
The AUD/USD pair saw mild buying interest during the Asian session on Monday after touching a nearly two-month low in the 0.7025–0.7020 area.
However, price action remains flatlined around the mid-0.7000s. Technically, the pair looks vulnerable while trading below the 100-day Simple Moving Average (SMA), suggesting limited upside potential in the near term.
Source: FXStreet Forex News