AUDUSD rebounds and brings the moving average cluster in play in the new trading day ...Middle East

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AUDUSD rebounds and brings the moving average cluster in play in the new trading day
source : forex live ( Middle East ) () 34
The AUDUSD sellers made a play to the get outside of a swing area on the downside at 0.6575. The low price reached 0.6584. that low was also just above the 38.2% retracement of the move up from April at 0.6579. Buyers leaned against the low area. The price has rebounded higher over the last five or six hours currently trading at 0.6612.With the price moving higher, it brings into play a cluster of moving averages including the 100 and 200-hour moving averages near 0.6626, the 200-bar moving average on the 4-hour chart at 0.66285. Just above those levels sits the 100-bar moving average on the 4-hour chart at 0.6635.In the new trading day, that area between 0.6626 and 0.6635 will be the key ba

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