AUD/USD Analysis
Posted: 23 Oct 2023, 18:22
AUD/USD appears to be gradually losing grip as it struggles to hold above support on the lower edge of a declining channel since August, around minor support at the early-October low of 0.6285. The repeated lower-lower-highs indicate downside risks prevail unless AUD/USD breaks above resistance at the end-August high of 0.6525.
