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AUDUSD retests 100 hour transferring common
In a earlier put up/video, I spoke to the 200 hour transferring common and the 50% midpoint of the September buying and selling vary close to the 0.6415 stage as a key draw back goal that might should be damaged to extend the bearish bias.
It was not damaged. The truth is they worth bounced off the extent and shortly transfer again above the 100 hour transferring common at present at 0.6433 (blue line).
The excessive worth reached 0.64446 earlier than rotating again right down to retest the 100 hour transferring common.
What now?
Help patrons are attempting to carry assist in opposition to the 100 hour transferring common. If profitable, the upside might be additional explored with the 0.6453 – 0.64607 as a subsequent upside goal.
Conversely if the 100 hour transferring common and 38.2% retracement at 0.64287 is damaged, bias shifts again in favor of the sellers
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