AUDUSD approaching critical support at 200D MA amidst USD strength & China growth concerns ...Middle East

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AUDUSD approaching critical support at 200D MA amidst USD strength & China growth concerns
source : forex live ( Middle East ) () 16
The USD is higher today, and the AUD is not missing that trend. The pair is down for two consecutive days this week. Fears of lower China growth is also an influence in the downward trend. Technicals are also playing a role.Technically, the price yesterday moved below a key floor area at 0.66758 (see video above). The momentum continued through the 61.8% retracement 0.66567 and the swing lows from last week and from the employment Friday on January 5 (at 0.6640). The low price reached a new session lower over the last hour at 0.6590. That is taking the price closer to its 200-day moving average at 0.65811. The last time the price traded below its 200-day moving average was back on December

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