Forex
AUD/VND Tumbles Amid Persistent Selling Pressure and Bearish Technical Indicators
The Australian Dollar versus Vietnamese Dong (AUD/VND) currency pair has been experiencing persistent selling pressure, resulting in a decline in value. Technical indicators are signaling a downside bias throughout the session, with momentum and oscillators aligning to reinforce the bearish move.
The AUD/VND price remains below all major moving averages, including MA-20 (₫18,496), MA-50 (₫18,553), and MA-200 (₫18,537). This suggests sustained selling pressure across short-, medium-, and long-term horizons.
The nearest resistance is set at ₫18,120, with initial support at ₫17,979. The current weakness is supported by the pair remaining below all major moving averages, with momentum and oscillators aligning to reinforce the bearish move.