That said, the downside momentum stalled near last week’s lows at 0.6481, with the pair now trading around 0.6491 on a modest bounce. Sellers are pressing the case, but they need to maintain momentum and push through last week’s low to strengthen the bearish outlook.
If a break lower occurs, the next key target comes in at 0.6449, where the rising 100-day moving average currently sits. Until then, buyers may continue to defend support levels, leaving the pair at a technical crossroads. What the sellers on the break today do not want to see is a rotation back above the 100-bar moving average on the 4-hour chart currently at 0.6502.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about audusd breaks lower but selling does stall at swing lows from last week 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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