AUDUSD moves to lowest level since September 11. Looks toward 50% and 200 day MA. ...Middle East

The AUDUSD traded above and below the 100-day MA last week at 0.9695. The price moved above the MA on Thursday/Friday and closed above that MA tilting the bias in the buyers favor.However, today, the price moved below the MA in the European session and stayed below in the US session. What I like is the price did stayed below the 100 day MA as traders shifted from bullish above the 100 day MA to bearish below the 100 day MA. That - along with higher yields, and a USD moving higher - has now taken the price of the pair to the low from last week at 0.66578 and now below that level. Traders will look for more selling with the 50% of the move up from the August low at 0.6645 as the next target,

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