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AUDUSD retraces back to unchanged on the day

AUDUSD retraces back to unchanged on the day

The AUDUSD bounced near the 200 day MA earlier today. The low reached 0.68117. The 200 day moving average was 0.68054. So the price got within six – seven pips of the key moving average target. Close enough for risk focused buyers.

The price of the AUDUSD has seen steady buying in the US session as profit takers have entered the dollar market.

In the process, the AUDUSD has moved above the 0.68706 level. That took the price above the closing low from yesterday at 0.6868.

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Posted: Feb 17 2023, 17:51
Author Name: forexlive
Views: 111325

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