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AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds

The AUDUSD moved lower with the USD move up after the stronger than expected US jobs data and the stronger ISM data. The US jobs report took the price away from its 100 and 200 hour moving averages up at 0.7069 and 0.7081. In the Asian session, the price moved below that level - and stayed below it - until the jobs report was released. That surprise sent the pair sharply to the downside.

The initial decline took the price back below the 38.2% retracement of the 2023 trading range where... Read More

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Content Topics

Audusd

Falls

Week

Below

2023

Range

Rebounds

Forex

Posted: Feb 3 2023, 16:33

Author Name: forexlive

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