AUDUSD trades below 50% midpoint, and around the 200 day MA ...Middle East

The AUDUSD moved lower earlier this week, and in the process fell below its 100-day moving average at 0.66952. A corrective bounce higher on Tuesday saw sellers lean against that level. Going forward, that level is a key resistance target.The subsequent fall midweek took the price below its 200-day moving average at 0.6628. It also tested a swing area down to 0.66189. The low price on Wednesday reached 0.66135.Since then, the price has been trading up and down resistance near the low from last week at 0.66578, and support near the low of the swing area at 0.66189. The 200-day moving average has seen the price move above and below it over the last two trading days.Going into the new trading w

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Last updated : 25 October 2024 clock 07:09 PM

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AUDUSD trades below 50% midpoint, and around the 200 day MA ...Middle East

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