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AUDUSD consolidates below swing area resistance. 100 hour MA catching up to price.
The AUDUSD has been stepping lower since peaking on June 16. Yesterday the pair:Stayed below the 20200-dayoving average of 0.66904Extended below the 50% midpoint of the move up from the June 1 low as 0.66785.Moved below a swing area between 0.6637 and 0.6652Moved below the 61.8% retracement of the move up from June 1 and 0.66263those are some key technical breaks.In trading today, a new low was made going back to June 5, but only just below the low from yesterday 0.6596. The price started to cor...
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Posted: Jun 29 2023, 15:45
Author Name: forexlive
Views: 102411