AUDUSD strikes greater and away from the 200 day MA
The AUDUSD has prolonged greater in the present day and within the course of, moved farther from the 200 day MA at 0.6845 and thru the 50% of the 2022 buying and selling vary at 0.69151.That midpoint was additionally close to the excessive from September 13 at 0.6916.
The Significance.
The worth closed above the 200 day MA for the primary time on Friday going again to June 2nd when the worth closed above that MA for a single buying and selling day. Previous to that, the worth final traded above that MA for greater than sooner or later again in April 2022.
So breaking above the MA is important, and can stay so IF the worth can keep above the MA. The nearer threat on the day by day is the 50% and September excessive. That will be the very best case situation for the consumers.
On the topside, look towards 0.6966 adopted by the 0.7005 excessive from August twenty sixth.
