The AUD/USD currency pair has shown resilience, bouncing off its August lows at 0.6410. This rebound has allowed the exchange rate to reclaim its 200-day moving average, suggesting a potential short-term bullish trend, according to analysts at Société Générale.
The recovery in the Australian dollar may reflect broader market sentiment, as traders reassess the impact of global economic factors on the USD. Continued support at 0.6410 will be crucial for maintaining upward momentum and could pave the way for further gains in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 08:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.