The AUDUSD moved above a ceiling from June and July 2023 near 0.6900 last week on it's way to a high near 0.6941. After trying to hold support near the 0.6900 level on Friday, Monday and part of Tuesday, the sellers started to exert more downside momentum falling to a low of 0.68557 in the US session yesterday. Technically on the daily chart, the inability to stay above the 0.6900 area put the sellers in play on the daily chart despite the price still being near highs (and highs going back to June/July 2023). Why? The technical break higher failed.Drilling to the hourly chart below, the move higher and above 0.6900 area, took the price to a high of 0.6941. The ups and downs from that high
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