The pair appears to be like towards the low for the day at 0.7010
The AUDUSD moved increased within the Asian session then rapidly reversed and took out the low for the day (right down to 0.7010). Him
The next rise took on the earlier excessive for the day at 0.70548 on it is method to a brand new excessive at 0.7071.
Now the pair has moved again right down to a low at 0.7015 – simply above the 0.7010. A transfer to that degree would full the lap again to the draw back.
We’re heading to the London fixing on the high of the hour. Maybe that’s in play as we speak, however shares are additionally on shaky floor which historically weakens the pair (on progress issues).
Trying on the day by day chart, the pair has been inside a spread above the 0.7005 degree since July 21, a transfer under that degree will surely open up the door for draw back probing.
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