AUDUSD rebounds after early dip but upside hurdles remain ...Middle East

Sellers took control early Monday, driving the pair below both the 100-bar (0.65174) and 200-bar (0.64975) MAs on the 4-hour chart, adding to downside pressure. But that momentum faded, and the price has since rebounded back above both moving averages — a potentially bullish signal in the short term.

Key technical levels:

Support: 0.65974 (200-bar MA on 4-hour chart), 0.6479 (50% of the move up from the June low)

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

Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD rebounds after early dip but upside hurdles remain )

Also on site :

• Morning Report — Texas braces for more flood danger after Hill Country tragedy 
• Bangladesh lawyers challenge ex-PM Hasina’s murder trial charges
• Ukraine plagued by ‘palace politics’ and purges – Economist