AUDUSD dips for 5th consecutive day, Testing key support levels ...Middle East

The AUDUSD is down for the 5th consecutive day. Recall on Friday last week, and then on Monday, the price of the AUDUSD was testing/moving above it's key 100-day MA near 0.6515. The high price reached 0.65224, but ultimately stalled and started a run to the downside, leading to a move from 06522 to the low reached today at 0.6337 (or 185 pips). Looking at the daily chart, the fall is taking the price below a swing area between 0.6346 and 0.6363 (see video). Staying below that level is the most bearish for traders. Move above and there could be some rotation back to the upside. Drilling down to the hourly chart above, the 0.6363 resistance level on the daily chart is also close to the the

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Last updated : 10 Nov 2023 clock 07:32 PM

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AUDUSD dips for 5th consecutive day, Testing key support levels ...Middle East

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