Friday , 22 November 2024
Home Forex AUDUSD bangs against the 100 day MA. Can the buyers break through the key technical level?
Forex

AUDUSD bangs against the 100 day MA. Can the buyers break through the key technical level?

The AUDUSD moved higher last week, but after reaching the 100-day moving rigid 0.66018, the buyers and sellers started a battle that has been confined to the following 100 bar moving out on the 4- our chart below (currently at 0.6561), and the 100 day moving average above and 0.66018.

The price today is back near the higher moving average target and continues to bang against it. Can the buyers breakthrough that key technical level and push toward other upside targets?

In the video I talk to the current price action and key levels in play.

This article was written by Greg Michalowski at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US stocks are mixed in premarket trading

The futures are implying a mixed opening with 30 minutes to go...

ECBs Nagel (Hawk): PMI data confirms that Germany is stagnating

ECB Nagel is on the wires saying"PMI data confirm that Germany is...

ECBs Villeroy: ECB is achieving a soft landing

ECBs Villeroy is weighing in after weaker data today:ECB is achieving a...

Canada retail sales for September 0.4% vs 0.4% estimate

Prior month 0.4%Retail sales for September x.x% vs 0.4% est.Ex Auto 0.9%...