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AUDUSD consolidates with technical levels defining the up and down range.

The AUDUSD is consolidating in up-and-down trading. On the downside, a swing level of 0.6786 followed by the 38.2% retracement of the move up from the July 6 low at 0.67814, is providing the support (see red number circles and the retracement level). On the topside, the rising 100-hour moving average at 0.68305 (blue line in the chart below) and a short-term swing area near 0.6837 is resistance. The current price trades at 0.6823. Traders will be looking for a break of either extreme to give the... Read More

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Audusd

Consolidates

With

Technical

Levels

Defining

Down

Range

Forex

Posted: Jul 18 2023, 14:44

Author Name: forexlive

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