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AUDUSD lifting off. Breaks above 200 day MA

The AUDUSD is lifting off as it breaks above its 200 day moving average and 50% retracement of the move down from last Friday's high. Both those technical levels come in at 0.67429 to. The price is currently trading up at 0.6766 after reaching a high of 0.6768. The price is also now above the 61.8% retracement of the same over lower at 0.67575.Close risk is now the 50% and the 200 day MA. Stay above keeps the buyers in control. Move below and with the fragile markets (and recent chop), I would e... Read More

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Audusd

Lifting

Off

Breaks

Above

Forex

Posted: Apr 20 2023, 14:19

Author Name: forexlive

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