AUDUSD falling on risk-off sentiment.Price tests 200 hour MA level at 0.6346. ...Middle East

Today, the NASDAQ initially gained 120 points before sharply reversing lower, hitting a session low of -248 points before bouncing to -165 points in volatile trading. This stock market decline pressured AUDUSD lower, bringing the pair to test its rising 200-hour moving average at 0.6346. Buyers held support on the first test, keeping the level intact.

Technical Levels:

Support: 0.6346 (200-hour moving average)Resistance: 0.6367 (100-hour moving average)

Traders will continue monitoring equity markets for directional cues.

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

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