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AUD/USD up over 2% as dollar fumbles after yesterday's hot start

AUD/USD up over 2% as dollar fumbles after yesterday's hot start

The pair is trading up to its highest in three weeks, up over 2% against the dollar to 0.6870 levels on the day. But perhaps more importantly, we are seeing buyers take a run above the recent key trendline resistance (white line) as well as the 200-day moving average (blue line), seen at 0.6850:

The 13 December high stands at 0.6893 and if we do see a daily close above the key technical levels pointed out, that's a... Read More

Posted: Jan 4 2023, 08:28
Author Name: forexlive
Views: 110786

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