AUD News 

AUDUSD backs off from 200 day MA.

“Looking at the 5-minute chart intraday price below, the price has moved below the 100 bar MA and a trend line (more bearish)” reports forexlive.com. The 0.7285 last swing high may also be a risk intraday to preserve some profit from shorts from above.  The lean level held (I guess its “a wall” – maybe I’ll start using that), and the price is trading lower.
 
Source: forexlive.com



Related posts