AUDUSD falls to lowest stage since early August however bounces larger

The AUDUSD fell forward of the election outcomes and within the course of moved to the bottom stage since August eight at zero.6506 and bounced. The following transfer larger taken the value towards the midpoint of the day’s buying and selling vary. The value has additionally moved again towards the converged 100 and 200-hour MAs close to zero.6586.

These transferring averages have been damaged briefly within the European session as we speak however the momentum pale and the value moved again down. If the value can get again above these MAs look ahead to extra upside momentum.

Absent that, and the sellers are nonetheless in full management.

This text was written by Emma Wang at www.ubaidahsan.com.



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