AUDUSD runs into sellers near swing area/retracement target. Seller make a play. ...Middle East

On the flip side, recent highs from Monday and Tuesday encountered resistance from sellers near the 38.2% retracement level at 0.62902 and a swing area between 0.6287 and 0.6301.

For sellers, remaining below this swing area keeps the bearish momentum intact. For buyers, a move below 0.6274 could signal further downside, targeting 0.6245 and eventually the rising 100-hour moving average. These levels will be pivotal for determining the pair's next direction.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about audusd runs into sellers near swing area retracement target seller make a play was published today ( Wednesday 22/01/2025 - 06:00 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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