AUDUSD looking to test key 100 day MA support

The AUDUSD 100 day MA comes in at the 0.9068 level. The price closed above the level on Friday and moved higher in early trade today. However, the price has started to move back lower on the back of the stronger dollar/selling of the risk pairs. The price has moved down to a low of 0.9092. This corresponds to the high price from Friday and may slow the decline. A break, however, will likely look toward the 0.9068 key support level. Patient buyers will likely wait for a further dip toward the key level with a tight stop on a break below.





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