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AUDUSD has a modest "heartbeat" above and below the 50% midpoint

If the price action in the AUDUSD was a heartbeat today, it would be in a hibernation state. The up and down range is only 27 pips. That is well short of the 70 pip average over the last 22-days (about a month of trading). Looking at the hourly chart, the high stalled near the sideways 200-day MA (at 0.66911), and has been trading above and below the 50% midpoint of the move up from the May 31 low. That comes in at 0.66785. The price over the last 4 hours has slowed the heartbeat even more with... Read More

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Audusd

Modest

Heartbeat

Above

Below

Midpoint

heartbeat

Forex

Posted: Jun 26 2023, 18:32

Author Name: forexlive

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