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AUDUSD tumbles lower and back below 100 day MA and swing area

The AUD/USD has seen trading action above the 100 day MA over the last 5 trading days. The last two days, saw closes above the key MA risk defining target. That was the case back in August when the price also traded above and below the MA line, but fell short of the 200 day MA and fell back below. At that time, there were also two days where the buyers had their short after closing above the key MA. But they failed too.

So today when the price fell below the MA level, buyers turned to... Read More

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Content Topics

Audusd

Tumbles

Lower

Back

Below

Swing

Area

Forex

Posted: Nov 17 2022, 14:39

Author Name: forexlive

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