More specifically, the AUDUSD has moved back below the 100-day moving average with strong momentum, signaling renewed downside pressure. The pair is also trading below the 100 and barmoving averages on the 4-hour chart, reinforcing a bearish bias as long as price remains below these levels.. The 200 bar moving average is broken at 0.63028. The 100 bar moving average is broken at 0.62969.
Conversely, a break below this zone could lead to further downside extension as the trend lower continues.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd moves sharply lower kickstarted by weak employment bearish technicals kick in was published today ( ) 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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