AUDUSD moves above 100 bar MA on 4-hour chart

Technical Analysis

Trades to new session highs

The AUDUSD moved sharply higher with the dollar selling today. The price moved above it’s 100 bar MA earlier by a few pips. Backed off, but is back above the MA level.  Buyers are trying to give another bullish push. 

Below is the 4 hour chart. The flash crash made a mess of the chart but the price has been pushing higher since.  The 0.7165 level would be the next target on more bullish momentum. Above that and the 100 and 200 day MAs are converged at 0.7188.

ForexLive

Products You May Like

Articles You May Like

Sterling (GBP) Price Slips on Renewed Brexit Confusion, UK Inflation Stable
Could charitable giving become a tax law casualty?
Cramer: The court can rein in Tesla CEO Elon Musk with one of these three moves
US 10 year yield down about 10 basis points. Nasdaq tests MA target.
Cramer Remix: Apple could decline, no matter what new products it announces on Monday

Leave a Reply

Your email address will not be published.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