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AUDUSD rotates down to swing area support and ahead of a cluster of MAs

AUDUSD rotates down to swing area support and ahead of a cluster of MAs

The AUDUSD to a high yesterday of 0.67729. The high price today edged just above that level of 0.6774. Both those levels fell short of the mid-November high peaked at 0.6797.

Today, the dollar has been more bid, and that has led to a move back to the downside for the AUDUSD. The move lower took the price into a swing area between 0.67168 and 0.67294 (see red numbered circles and yellow area on the chart above).

Dip buyers came in and leaned against the swing area. A move below i... Read More

Posted: Nov 25 2022, 15:29
Author Name: forexlive
Views: 102125

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