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ForexLive: AUD/USD Tests 100 Hour MA and Other Support

posted by Avatar ejc 326 days ago in AUD, Technical, Daily made popular 325 days ago

AUDUSD tests 100 hour MA at the 1.0047 level. The level is also the midpoint of the weeks trading range (see chart below) and is also close to the low from yesterday at 1.0040. As a result, traders have used the level to take profit/buy with defined and limited risk. A move below 1.0040 will likely trigger stops.....more.
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