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AUDUSD shows a crack in the bullish move... maybe?
The AUDUSD has been up 10 of the last 11 trading days. The move from the low reached 0.6457 on May 31, and reached a high of 0.6899 today. That is a move of 442 pips.Technically looking at the daily chart, the price today moved above the 61.8% retracement of the move down from the 2023 high. That retracement level comes in at 0.68899. The high price today reached 0.6899. The price is currently below the retracement level at 0.6856.I don't often look at the relative strength index, but it reached...
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Posted: Jun 16 2023, 14:49
Author Name: forexlive
Views: 081175