AUD/USD sinks to 1.0530

Author: Adam Button | Category: News

The Australian dollar is testing some bids in the 1.0525/30 zone.

AUD/USD is lower today after two days of strong gains. More stops are seen below 1.0515.

Better support comes in around 1.0480, which is the trendline on the daily chart. Overall, this pair remains in an uptrend but is looking stretched in the near-term.