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AUDUSD dips below 200 hour MA. Test lows for the day

The AUDUSD is back down, retesting/dipping below the 200 hour MA at 0.67602.

Earlier today, in the early Asian hours, the price dipped to that MA on China concerns but found support buyers. The move back higher extended back above a swing area betwee 0.6778 and 0.6782, but fell short of a downward sloping trend line and has rotated lower over the last 3-4 hours of trading.

The low reached 0.6759 which was short of the Asian low at 0.67565.

The price is back above the MA a... Read More

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Posted: Dec 12 2022, 13:57

Author Name: forexlive

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