menu search

AUDUSD tumbles with the risk off mood

AUDUSD tumbles with the risk off mood

The AUDUSD is tumbling lower with risk off flows the catalyst as stocks extend to new session lows.

Technically, the price wandered higher after the RBA rate hike and expectations for further hikes ahead. However after, testing the 200 hour moving average and 38.2% retracement near 0.67488 (the high price reached 0.6743), the price rotated back toward the 50% of the move up from the November 21 low at 0.67175.

In the current hourly bar, as stocks started to take on additional do... Read More

Posted: Dec 6 2022, 15:53
Author Name: forexlive
Views: 111029

Search within

Pages Search Results: