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AUDUSD bounces off the 100 hour MA for the 3rd day in a row

The AUDUSD traded at the week's low on Monday in the 1st hour of trading at 0.63706. The price moved sharply higher on that day, but by Wednesday, the price had rotated back down toward the lows into a swing area between 0.63791 and 0.63874. Support buyers came in against that level and pushed the price back to the upside. In the rebound, the AUDUSD price moved back above its 100 and 200 hour moving averages (blue and green lines in the chart below). On Wednesday, the price held support on a dip... Read More

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Posted: Sep 15 2023, 15:47

Author Name: forexlive

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