AUDUSD stays below 100 hour MA on first test ...Middle East

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AUDUSD stays below 100 hour MA on first test
The AUDUSD reached a new low earlier today at 0.6536, but has since bounced higher. The run higher has extended back above the broken 61.8% of the move up from the July low at 0.6570, and after trading above and below that level in the European session and into the US session, the price extended higher. The extension found willing sellers against the falling 100-hour MA at 0.6594. The price is back down retesting the broken 61.8% retracement level at 0.6570.The holding below the 100-hour MA increases that level's importance going forward. It would now take a move above that level - and staying above that level - to give the buyers more control. Absent that, and the buyers are not winning. Th

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