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AUDUSD tests key cluster of support targets
The AUDUSD is testing a cluster of support between 0.6775 and 0.6782. The area has a rising trend line, the rising 100 hour moving average (blue line in the chart above) and a swing area between 0.6778 and 0.6782. A move below the area would increase the short-term bearish bias. Traders would then look toward the 38.2% retracement of the move up from the November 21 low and the rising 200 hour moving average (green line in the chart above). Both those levels come in at 0.6747.
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Posted: Dec 5 2022, 14:36
Author Name: forexlive
Views: 110256
