AUDUSD: Potential upside momentum as price threatens to snap 3-day decline
2023-11-09
The AUDUSD has moved lower recently but is now showing potential for upside momentum as the price threatens to end its 3-day decline. Buyers have come in near support levels, and if they can hold above the rising 200-hour moving average, there is the possibility of a move towards the 100-hour moving average and a swing area. Stay updated on the AUDUSD’s price action.
The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.
2023-11-06
Bearish break on Friday in the USDCHF below the 200 day MA at 0.9002 and the 100 bar MA on the 4-hour chart at 0.8997. Stay below is more bearish going forward.
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