In the afternoon on Thursday (November 24) in Asian city, the Australian dollar/dollar climbed slightly and traded around 0.9736. The exchange rate is below the 20-day moving average and the short-term moving average indicator is bearish.

There are well-known institutions that the Australian dollar/dollar fell below the support level of 0.9807 yesterday, dropping to a six-week low near 0.9660, this week will maintain the decline.

The agency said that in the past four weeks, the Australian dollar/US dollar fell nearly 1100 points, but the decline has just started. On the daily chart, the indicator is bearish and has broken below the midline, but it is far from the oversold area. This shows that before the end of the year, the AUD/USD will go lower.

The agency also said that the Australian dollar/dollar support is located at 0.9660 and 0.9580 and the resistance lies at 0.9770 and 0.9810.

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