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AUDUSD tips below the 100/200 hour MAs

The AUDUSD has moved below its 100 and 200-hour moving averages at 0.6660. The current price trades just below the level of 0.66577. The low for the day reached 0.66532. Trading below those levels and staying below those levels would keep the bias more in favor of the sellers going forward. The low from yesterday after the RBA rate decision (no change in rates) reached 0.66409. That low stalled ahead of the 100-hour MA at the time. At session highs yesterday and today, the price of the AUDUSD... Read More

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Audusd

Tips

Below

100

200 Hour

100 200

Forex

Posted: Jul 5 2023, 19:40

Author Name: forexlive

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