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AUDUSD bounces off moving average support in what has been a volatile up-and-down session

AUDUSD bounces off moving average support in what has been a volatile up-and-down session
The AUDUSD experienced significant volatility during today's trading session. Settling at 0.6672 yesterday, the price swiftly declined in the early Asian-Pacific session, reaching a low of 0.66399. This movement took the price below the converging 100 and 200 moving averages, but the momentum quickly shifted, resulting in a sharp upward surge.The subsequent high price fell just short of the 0.6700 level and yesterday's high at 0.67028. However, the price retraced and moved back below the swing a... Read More
Posted: May 4 2023, 15:34
Author Name: forexlive
Views: 102273

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