AUD/USD caught in a near-term battle to start the day, what levels to look out for?
Summary
By sueyangfx.com October 22, 2020 at 08:27AM AUD/USD sees price action caught between its key hourly moving averages As the dollar slumped yesterday, the pair made its way back above 0.7100 but saw gains stall at the 50.0 retracement level […]
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October 22, 2020 at 08:27AM
AUD/USD sees price action caught between its key hourly moving averages
As the dollar slumped yesterday, the pair made its way back above 0.7100 but saw gains stall at the 50.0 retracement level of last week’s swing move lower @ 0.7132 and sellers also leaned on the 200-hour MA (blue line) to limit the upside momentum.