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AUDUSD move above 100 day MA is short lived

US retail sales results were weaker than anticipated, leading the AUDUSD to reach a new session high and surpassing yesterday's high pressure point and the 100-day moving average at 0.67996 (rounded to 0.6800). The highest price reached 0.6805 before quickly retreating. Federal Reserve Governor Waller commented that the Fed has not made significant progress on inflation and additional rate hikes are necessary. This caused yields and the USD to rise (and the AUDUSD to move lower).Examining the ho... Read More

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Audusd

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Posted: Apr 14 2023, 13:39

Author Name: forexlive

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