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AUDUSD sellers push the price below the 100/200H MA. Ups and downs continue for the pair

The AUDUSD moved higher yesterday, and in the process tested a downward-sloping trendline on the hourly chart connecting the high from October 11 and the high from October 25 (see red numbered circle 3 on the chart below). The price high also got close to the 50% midpoint of the October trading range near 0.6385. The inability to move above that trendline and 50% retracement gave the sellers the opportunity to lean. The price moved lower.In the Asian session today, the price also got a push lowe...
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Posted: Oct 31 2023, 15:11
Author Name: forexlive
Views: 041923