AUDUSD checks 100/200 hour MA goal space

The AUD/USD has reached a brand new low, testing the 200-hour shifting common at zero.6225 and the 100-hour shifting common at zero.6227. These ranges are pivotal for figuring out the near-term course for each patrons and sellers.

If patrons defend this space, it might sign continued help, preserving them within the recreation. Nevertheless, a sustained transfer beneath these shifting averages would shift the bias firmly in favor of the sellers. On a break decrease, the following key targets are zero.6215, adopted by final Friday’s low at zero.6198, after which the 2024 low of zero.6179, recorded on December 31.

Conversely, if help holds, the pair may stage a snapback rally, with potential upside aiming for the 100-bar shifting common on the Four-hour chart at zero.6264.

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



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