AUDUSD: Potential upside momentum as price threatens to snap 3-day decline ...Middle East

The AUDUSD moved higher at the start of November, with some of the run-up on the "risk-on" flow helped by higher US stocks. More recently, the pair has moved lower (3 days down). China slower growth is a concern perhaps (inflation today it was negative for both CPI and PPI in China). Technically, the price highs reached earlier this week tested and extended briefly above it falling 100-day moving average currently at 0.64995 (call it 0.6500).The move lower in the AUDUSD took the price down toward the 0.6395-6400 swing high area from October trading. Support buyers have come in and near those levels in trading yesterday and again today. That level remains a risk level for buyers. Stay abov

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AUDUSD: Potential upside momentum as price threatens to snap 3-day decline ...Middle East

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