Immediate support lies between 0.6500 and 0.6514, which has a number of swing highs or lows over the last few weeks of trading. Although the price action last week was above and below that area there were swing levels within that area as well. Today the price started below the level but after breaking higher in the Asian session, the lows have found support buyers in the area and is now back above the area.
The pair tested this upper resistance area (high reached 0.65375) last week but was unable to sustain momentum. The price rotated lower the that high, but buyers leaned against the 0.6500–0.6514 zone.
Key levels to watch:
Support: 0.6500–0.6514
Bias: Neutral while inside the range; directional breakout needed for momentum shift
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about audusd technical update price trapped between key swing zones 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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