AUDUSD traits down this week. What’s needED to show the technicals round for the pair?

After rebounding after the US election final week, and approaching the AUDUSDs 100 day MA, consumers turned to sellers and have pushed the worth decrease ever since.

For this week, every of the times have been decrease Will right now make it 5 for five?

Technically, so as to flip the bias round and provides the consumers some consolation, getting and staying above the 100 hour MA is required. The issue is with the worth at zero.6450, the 100 hour MA is up at zero.6524. The excellent news is as a result of the worth has been trending decrease, the MA is transferring decrease quick with the worth however nonetheless lags.

However, as time goes by, and with a modest correction, each these might meet.

Till then nonetheless, the sellers are extra in management. The consumers are shedding.

On the draw back there may be some help at zero.64349. If the worth strikes beneath that degree, the sellers add to their management.and you may count on extra draw back momentum

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



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