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AUDUSD moves back down to retest the broken 100 day MA

AUDUSD moves back down to retest the broken 100 day MA

The AUDUSD traded above and below the 100 day MA yesterday, and in the Asian session today, the price actio saw a similar dip below that MA, before extending to the upside.

The high price for the AUDUSD was reached after the PPI data gave the dollar another push lower, but buyers turned to sellers, and the price fell back to the 100 day MA at 0.66985. The low reached 0.67045 - within about 8-9 basis points of the area.

The price is back at 0.6727.

The 100 day MA remai... Read More

Posted: Nov 15 2022, 15:29
Author Name: forexlive
Views: 102688

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