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AUDUSD retracing gains after run higher today fails on break of MA target

The AUDUSD moved higher in trading today. In the Asian session, the price extended above its 100 hour moving average (blue line in the chart above), and that ignited more buying interest early on. The momentum picked up as the US session began. That momentum took the the price above another swing area near 0.6649 to 0.6652 and then the downward sloping 200 hour moving average at 0.6660 (green line in the chart above). The high price today reached through the 200 hour moving average to a high of... Read More

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Audusd

Retracing

Gains

After

Higher

Today

Fails

Break

Target

Forex

Posted: May 1 2023, 19:07

Author Name: forexlive

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