AUD/USD Faces Downtrend as Market Stabilizes
The AUD/USD pair’s downtrend slowed after reaching 0.6080 in February. It is now moving within a consolidation phase that must see a breakout to confirm a sustained uptrend. Analysts at Societe Generale stress the importance of this breakout for future market movements. Traders should closely watch the pair as fluctuations could indicate shifts in market sentiment and potential for profit opportunities.