EUR/GBP and EUR/JPY both move higher, as AUD/USD stabilises after recent losses - IG

​AUD/USD stabilises around May lows

​The ​AUD/USD has bottomed out for the time being, or at least the selling has slowed after the steep declines of July and early August. For now support is holding around $0.65, the low of late May, providing some hope for the buyers.

​Sellers will want to see a close below this level to resume the bearish move, but even a rebound towards $0.67 could still see fresh selling pressure to emerge.

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2023-08-10 09:42:21Z
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