AUDUSD sellers gain momentum as price dips below key moving averages ...Middle East

If I were to give a technical tilt for the AUDUSD, the bias is to the downside. Looking at the 4-hour chart, The price is now below the 200-hour moving average 0.65779 (green overlay line on the chart below). Bearish The price is also below the 50% midpoint of the move-up from the October load to the December high. That level comes in at 0.65699. Bearish. Admittedly, the price has been trading above and below those levels since last week's trading. So, traders may be still trying to figure out up or down. Nevertheless, with the price now below both those technical levels, the tilt is in favor of the sellers.However, there is work to do.The low price today has stalled against the high of a s

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Last updated : 23 January 2024 clock 10:52 PM

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AUDUSD sellers gain momentum as price dips below key moving averages ...Middle East

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