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AUDUSD buyers took their shot. They missed.

AUDUSD buyers took their shot. They missed.

The AUDUSD moved higher yesterday post the FOMC rate decision. Lower yields and higher stock prices helped the buyers. IN the process, the pair moved above the swing high from August and January at 0.7136 and 0.7142 respectively. The high price yesterday reached 0.7144. The high today reached 0.7157.

The buyers took their shot. They missed as momentum could not be sustained and the price started to move back to the downside.

Looking at the hourly chart below, that move to the... Read More

Posted: Feb 2 2023, 17:17
Author Name: forexlive
Views: 110717

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