AUD/USD closed below 10-day MA (0.6483) to increase downward pressure Next support is at the 61.8 of the April rise at 0.6448 A clear break below 0.6445 puts the trend low at 0.6362 back in focus Resistance is at the 10-day MA at 0.6483 and 21-day MA at 0.6504 AUD/USD likely to consolidate losses ahead of key FOMC decision Wednesday
John Noonan is a contributing writer for eFXdata, focusing on currency market analysis and trends. His work has also been featured in publications such as National Review, Florida Catholic Media, Inc., and Hudson Institute. With a background in finance and economics, John provides insightful commentary on global currency movements and their impact on financial markets.