Subscribe To
AUDUSD moved lower after lower Australia CPI. What next through the FOMC rate decision?
The AUDUSD is lower on the day. The declines were helped by the lower-than-expected CPI data out of Australia last night. That sent the pair down to a low of 0.67287. However, that low fell just short of the rising 200-day moving average of 0.67222 (see lower green line in the chart below). Recall from Monday's trade, the price briefly moved below the 200-day moving average only to reverse back to the upside quickly. The last 4 moves lower have found early buyers against the rising 200-day movi...
Read More
Posted: Jul 26 2023, 15:07
Author Name: forexlive
Views: 092076