AUDUSD moves sharply lower kickstarted by weak employment. Bearish technicals kick in. ...Middle East

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.

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