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AUDUSD trades lower today and makes a new week low heading into the weekend. What next?

AUDUSD trades lower today and makes a new week low heading into the weekend. What next?
The AUDUSD saw some up-and-down price action this week, with a ceiling near 0.6840 (there was a failed break on Thursday that was quickly reversed). In trading on today (on Friday), the price fell below the low from Wednesday's trade and also the 50% midpoint of the move up from the July low to the July high. The level comes in at 0.67466. That midpoint level is also between a swing area between 0.67374 and 0.67546. That combination will now be close resistance for traders looking for more downs... Read More
Posted: Jul 21 2023, 16:31
Author Name: forexlive
Views: 092098

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