| Join us for this insightful ForexLive video as we dissect the intriguing price action of AUDUSD. Earlier in the day, the currency pair experienced a downward move, but found support from eager buyers near the 200-day MA at 0.6717, which effectively stalled the fall. Additionally, the 61.8% Fibonacci level lies at 0.67117, adding to the significance of this price region. Today's low reached 0.6714 before the pair rotated back to the upside, making the current situation quite interesting. We delve into the implications of these moves and explore potential scenarios for what lies ahead. Stay informed and prepared for any upcoming developments in the AUDUSD market. |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Tags: Featured,newsletter
