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AUDUSD sets the 50% midpoint as topside resistance...again.

The AUDUSD moved lower in the Asian session but started a rebound back higher in the late European early US session. The move to the upside extended above a swing area between 0.66188 and 0.66295. The high price reached up to 0.66371 which was just short of the 50% midpoint of the May 2023 trading range at 0.66376. On Friday that midpoint was also tested and found willing sellers.The double top now sets the 50% midpoint as key topside resistance.Sellers are trying to set the resistance. On the... Read More

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Audusd

Sets

Midpoint

Topside

Resistance

Again

Resistance again

Forex

Posted: Jun 5 2023, 15:54

Author Name: forexlive

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