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Both the AUDUSD and NZDUSD found support buyers on the break to new 2023 lows today

Both the AUDUSD and the NZDUSD found support buyers on their earlier day breaks to the new 2023 low and bounced higher. Each pair is approaching/testing falling 100-hour moving averages. Getting above the 100-hour moving average is the minimum target to get to and through if buyers are to start to be taken seriously after a trend move lower (like each pair has seen).For the AUDUSD the 100-hour moving outcomes in at 0.6463. There is other targets just below that level near 0.6454. The high price... Read More

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Content Topics

Both

Audusd

Nzdusd

Found

Support

Buyers

Break

2023

Lows

Forex

Posted: Aug 17 2023, 13:40

Author Name: forexlive

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