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AUDUSD rotates back toward the 100 day MA. Can the sellers keep the lid on the pair?

The AUDUSD has been trading above and below the 100 day MA over this week (see blue arrows). The week started with the pair consolidating the gains from last week and just hung around that MA level. On Tuesday, the price moved higher, reaching the high for the week at 0.6797. On Wednesday when that high could not be reached or breached, buyers turned to sellers and a retest of the 100 day MA was initially made in the Asian session.

Since that test, the price action moved back below the... Read More

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Audusd

Rotates

Back

Toward

Sellers

Keep

Pair

Forex

Posted: Nov 18 2022, 16:04

Author Name: forexlive

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