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AUDUSD moves to a new high but can the momentum continue?

AUDUSD moves to a new high but can the momentum continue?
The AUDUSD moved lower in the Asian session and in the process fell below a swing area near 0.63057. However, the momentum could not be sustained to the low price from last Friday at 0.62858. The price started a move back to the upside.The subsequent bounce took the AUDUSD price above a swing area between 0.63269 and 0.63344 (see the lower yellow area on the chart below), and also its 100-hour moving average at 0.6336 (blue line in the chart below). That bounce failed ahead of its 200-hour movin... Read More
Posted: Oct 19 2023, 18:09
Author Name: forexlive
Views: 091970

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