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AUDUSD technical bias shifts to the upside today, but work to do to get outside "Red Box"

AUDUSD technical bias shifts to the upside today, but work to do to get outside
The AUDUSD sellers had their shot this week with a move outside of the "Red Box" that has confined the pair between 0.6356 and 0.65214 for 7 trading weeks now. The failure to break and move lower give the buyers a go-ahead to push higher midweek. Yesterday the price or returned toward the 100 and 200 bar moving averages on the 4 hour chart (blue and green lines on the chart below). Today, buyers pushed higher extended toward the extremes of the "Red Box".The upside did stall ahead of the extreme... Read More
Posted: Sep 29 2023, 14:18
Author Name: forexlive
Views: 083046

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