AUDUSD drifting a little lower. Looking for a little wander lower.
Written November 6, 2009 at 1:44 PM EST by Greg Michalowski
The AUDUSD has wandered down toward the 200 bar MA at the 0.9151 level. This level will be watched on the downside. The market broke below the 200 bar MA post the NFP report and whipped around for the next hour or so, but reestablished the upside momentum . Now with the 100 hour MA sloping down (at 0.9163), the market seems to be under some pressure. Where am I wrong? The price should not rise above 0.9177. Confirmation on the downside comes in at the 0.9152.
Categories: Forex Trading | Tags: AUD/USD
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