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AUDUSD steps its way down this week. Technicals lead the way lower.

AUDUSD steps its way down this week. Technicals lead the way lower.
The AUDUSD started to show cracks in its bullish bias last Friday, and that crack led to a bigger and bigger move as technical levels were taken out one by one.First, it was the 100-hour moving average (higher blue line) and channel trendline. That led to a break of the 200-hour moving average. The price traded up and down on parts of Tuesday, Wednesday and Thursday, but kept mostly below the 200-hour moving average on moves higher. In trading today, the price has tumbled below the:38.2% retrace... Read More
Posted: Jun 23 2023, 14:37
Author Name: forexlive
Views: 092024

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