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AUDUSD falls toward swing area support on USD buying

The AUDUSD is following the US dollars a ride to the upside as yields move higher. The 10 year yield is now up 12 basis points out in 4.691%. It's getting closer and closer to 5%.Recall on Friday, the AUDUSD stall right near the near converged 100 and 200 bar moving averages on the 4-hour chart (currently near 0.6425 – see blue and green lines on the chart below). Today, the price traded above and below those moving averages in early Asian trading, but has rotated lower over the last 3 – 4 bars... Read More

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Content Topics

Audusd

Falls

Toward

Swing

Area

Support

Buying

Forex

Posted: Oct 2 2023, 16:31

Author Name: forexlive

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