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AUDUSD bounces back to the upside. Sellers keep control.
The AUDUSD has bounced back to the upside after early US session dollar buying pushed the pair back toward the 50% midpoint of the major trading range. The low price in the US session reached 0.66416 which was within 4 pips of the midpoint level. Staying above that level kept the buyers more in control from a technical perspective.Earlier today, the price spiked above that midpoint level after the RBA announced a 25 basis point hike. The subsequent run to the upside got within 7 pips of the 200...
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Posted: Jun 6 2023, 15:59
Author Name: forexlive
Views: 081338