AUD/USD stays sluggish near the 0.6500 mark for now ...Middle East

The pair is now settling down a bit after some rather back and forth action in March trading. It looked like buyers were poised for a strong breakout, only to get their wings clipped following a reversal to the initial reaction to the US jobs report last month here. Since then, sellers slowly took over and regained more technical control. And now, we're seeing that translate to some pressure close to the 0.6500 level since last week.The 200-day moving average (blue line) at 0.6545 is a notable resistance point for now. Keep below and sellers will continue to stay poised in testing the 0.6500 level again. There is some added downside support around 0.6485-88 and that is preventing a steeper f

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