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Category: Fundamental Analysis

AUDUSD moves to test swing low area

AUDUSD moves to test swing low area

Swing low area comes in at 0.71319 to 0.71367 The AUDUSD has reversed lower in trading today.  The run to the downside started after a brief and unsuccessful break above its 100 hour moving average (blue line in the chart above) at 0.7209.  The inability to move higher turned the buyers from the break above, into sellers on the failure.  […]

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