Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
In intraday trading today AUD/USD has turned lower after failing to decisively breach above the 0.7760 level shown on the chart below for the spot pair. The currency pair appears headed back toward a measurable SMA [50-period], which could offer support as it has since early April. Bearish momentum appears to be grabbing hold as … Continue reading “AUD/USD and 6A [AUD] analysis”
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