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AUDUSD traders using moving averages to define boundaries today

Traders in the AUDUSD are using moving averages on the top and bottom sides to define the boundaries today. Looking at the chart below, the AUDUSD moved higher after the weaker US ISM manufacturing data, but ran into a cluster of moving averages including:200-hour moving average of 0.66814200-day moving average of 0.66912100-day moving average of 0.66966The high price extended to 0.66913, but has rotated back lower and currently trades at 0.66715.On the downside, the low price today stalled near... Read More

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Audusd

Traders

Using

Moving

Averages

Define

Boundaries

Today

Forex

Posted: Jul 3 2023, 14:55

Author Name: forexlive

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