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AUDUSD consolidates below swing area resistance. 100 hour MA catching up to price.

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... Read More
Posted: Jun 29 2023, 15:45
Author Name: forexlive
Views: 102411

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