The AUDUSD/NZDUSD continue their runs to the downside. No bullish clues/sellers in control ...Middle East

Both the AUDUSD and NZDUSD are continuing their downward momentum with each trading at new lows for the cycle. The AUDUSD is approaching its 61.8% retracement of its move up from the April low. That level comes in at 0.65283. Last week the price fell below that level but we bounced back. However the high price Friday and today stalled ahead of its falling 100-hour MA (currently at 0.6568)Meanwhile, the NZDUSD is approaching its lows from 2024 between 0.5851 and 0.5859. A move below those levels increases the bearish bias and take the price to the lowest level since November 2023. The falling 100-hour MA would need to be broken on the topside to show the buyers are making any strides. That

Hence then, the article about the audusd nzdusd continue their runs to the downside no bullish clues sellers in control was published today ( Monday 29/07/2024 - 05:18 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 29 July 2024 clock 05:18 PM

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The AUDUSD/NZDUSD continue their runs to the downside. No bullish clues/sellers in control ...Middle East

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