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AUDUSD retraces much of gains from yesterday's trade
The AUDUSD moved higher during Monday's trade stepping toward the 38.2% retracement of the move down from last week's high to last week's low. That level came in at 0.67047. The high price yesterday reached 0.67083 before stalling and moving sideways into the close. The closing price yesterday was at 0.6699.In trading today, the Asian session saw a move back above the 38.2% retracement to a new high at 0.67092. The 100-hour moving average (blue line on the chart above) was falling at the time an...
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Posted: May 16 2023, 18:34
Author Name: forexlive
Views: 110797
