The AUDUSD and NZDUSD have been running in tandem this week to the downside, but the NZDUSD has seen more downside momentum. Yesterday, the AUDUSD fell below its key 200 day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then increase momentum with a break below the 61.8% retracement of the move up from the April low at 0.65283. However momentum quickly shifted back to the upside on dip buying, and when the price moved back above the 61.8% retracement (at 0.65283 - see chart below), the shorts started to cover. That move higher has continued today with the price reaching a high of 0.6568.Going forward in the AUDUSD, it still takes a move above the 50% retra
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