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AUDUSD moves to new session low and new low for May 2023

The AUDUSD has been stepping lower since peaking last week. The corrective moves higher have been finding willing sellers against the falling 100 hour moving average. That has kept the sellers more in control. In trading yesterday and again today the price moved up toward that moving average and found sellers giving them the go-ahead to take the price lower from a technical perspective.The low price just extended below the early May low but only by a pip of so. Can sellers keep the pressure on a... Read More

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Content Topics

Audusd

Moves

Session

2023

Forex

Posted: May 18 2023, 15:10

Author Name: forexlive

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