Forex technical analysis: AUDUSD back to where it all began yesterday




Sorry, but there’s a lot of ups and downs in the marketThe AUDUSD is another pair of foreign currency with ups and downs.

Yesterday, it dropped lower. A downside catalyst was the move below the 200 hour MA, 100 hours and 100 bar MA on the 4-hour chart.
Today, the price tends to go higher and reached the lowest of those same MAs. Today, it begins with the 100 hour MA at 0.79838. Above this is the 100 bar MA on the 4-hour chart and 200-hour MA at 0.7993 and 0.79953 respectively.
The pair has a range of 78 pips. The 22-day average of 72 pips. The market is stalling and running out of steam near what is the average range. The markets of the internal clock, he said, to take advantage/sell depending on the level. Is that for the rally?
Looking at the 5 minute chart below, keep an eye on the 100 bar MA (blue line). With a trend line intraday. Find support against the level and there is a shot for an extension to test the other MY target on the hourly chart. Move below, and there may be more stuff in the weekend sale.



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