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AUDUSD retraces back to its 200 hour moving average

HomeThe AUDUSD raced higher on the back of the RBA's price hike. That the price up to the 61.8% retracement of the move down from the April 14 high at 0.6716. The price retrace back down toward the 50% and a swing area between 0.6676 and 0.6680 early in the US session. The selling has intensified over the last hour or so as risk-off flows and concerns about global growth (banking concerns) weigh on stocks. Crude oil is down sharply (-4.48%). Gold is higher however with a rise of $29 or 1.47% a... Read More

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Audusd

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Posted: May 2 2023, 15:32

Author Name: forexlive

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