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AUDUSD extends above 200 day MA. Buyers in control.

AUDUSD extends above 200 day MA.  Buyers in control.
The AUDUSD is up testing the high from yesterday's trading at 0.6717. The high price just reached 0.67149 after breaking back above its 200-day moving average of 0.66907.Recall from yesterday, the price action continued its run to the upside after the surprise rate hike on Tuesday but failed on the break of the 200-day MA and a swing area between 0.6704 and 0.6709. The price retraced back down toward the corrective low from Tuesday's trade after the hike (at 0.6641), but stayed above the 50% mid... Read More
Posted: Jun 8 2023, 15:35
Author Name: forexlive
Views: 102340

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