AUDUSD struggles to hold gains as sellers reclaim control below key moving averages ...Middle East

Yesterday, the pair moved away from the 100-day MA and dropped beneath the 100/200-bar MAs on the 4-hour chart (lower blue and green lines), located around 0.6297. Heading into the new trading day, the price moved back toward these MAs, where sellers leaned in to maintain downward pressure and keep the bias to the downside. .

If sellers are to push lower, a break and sustained move below this area is necessary.

Close risk and bias shifting level for seller is a move back above the 100 bar MA on the 4-hour chart at 0.62959 an the 200 bar MA on the same chart at 0.63058. Get above those levels and the buyers may look for another run to the 100-day MA.

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

Hence then, the article about audusd struggles to hold gains as sellers reclaim control below key moving averages was published today ( Friday 21/03/2025 - 05:52 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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