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AUDUSD falls below 100 hour MA
The AUDUSD is extending to a new session low and in the process has moved below the 100 hour MA, and an upward sloping trend line. The price is approaching a swing area between 0.6940 and 0.69493. The rising 200 hour moving average is below that level of 0.69349. The price has not traded below the 200 hour moving average since January 6.
Stay below the 100 hour moving averages 0.69734 keeps the sellers in control in the short term at least.
Having said that, however, there is mor... Read More
Posted: Jan 18 2023, 17:40
Author Name: forexlive
Views: 110470
