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AUDUSD cracks lower. Below 200 hour MA after sharp fall today

AUDUSD cracks lower. Below 200 hour MA after sharp fall today
On Friday, I wrote about the overbought condition of the AUDUSD ("AUDUSD shows a crack in the bullish move...maybe"). On that day, the price fell below the top side channel trendline (that trendline was broken to the upside on Thursday of last week), tilting the bias lower. The RSI on the daily chart was in overbought conditions. If the price could stay below the topside trend line on the chart above, the price could correct lower with the sellers more in control. During yesterday's trading, t... Read More
Posted: Jun 20 2023, 14:26
Author Name: forexlive
Views: 102681

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