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AUDUSD retraces back to the 100 day MA. Can buyers hold support?

AUDUSD retraces back to the 100 day MA.  Can buyers hold support?
The AUDUSD closed right near its 100-day moving average on Friday after extending above the level moving to a high near 0.6750 before rotating back to close at 0.6743. That was just above the 100-day moving average currently at 0.67376 (see blue line in the chart above). The last time the price closed above its 100-day moving average you have to go back to March 3. There had been 4 days since that day when the price moved above the 100-day moving average but there had been no closes above the hi... Read More
Posted: Jun 12 2023, 15:23
Author Name: forexlive
Views: 081282

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