<p>&nbsp;From a technical perspective, the bottom of the AUD appeared after the second lower low opened in the market. The pair edged high on the 38.2% retracement level of its latest daily slump but quickly bounced back extensively. Afterwards, AUD penetrated the 23.6% support and touched the previous low to open the market today. SMA in short terms such as 20, 40 days possess the trend to break the long-term line from below. With all the technical readings favour the bullish move, the critical resistance would be at 0.716while the main support appears at 0.704.&nbsp;</p>

Bottom of AUD revealed

Dec 01 2020