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AUDUSD rises to 100 day/100 hour MA
The broader US stock indices are dodging a technical bearish bullet, and will close above key daily MAs.
However, the risk-on flows are not racing into the AUDUSD. Yes, the price is up, but heading toward the end of the day, the price still remains below the 100 hour MA and the 100 day MA. Those moving averages come in near 0.6738 (the 100 hour MA is a little lower). The current price is at 0.6731.
The good news for the dip buyers is that the price is above the lows from the wee... Read More
Posted: Mar 2 2023, 21:05
Author Name: forexlive
Views: 102044