Outlook on EUR/USD, AUD/USD and USD/JPY as FOMC minutes show that Federal Reserve remains hawkish | Levels ... - IG

​AUD/USD’s descent has taken the pair to a near ten-month low

AUD/USD decline is ongoing with the cross having so far slid to a near ten-month low at $0.6365 as Australia's seasonally adjusted unemployment increased to 3.7% in July from 3.5% in the previous month, the highest level since April.

​The next downside target is the mid-October high at $0.6348, followed by the November low at $0.6273.

​Minor resistance can be spotted at the $0.6459 May low.

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2023-08-17 08:27:11Z
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