AUDUSD moves back toward 200 day MA

Technical Analysis

Author: Greg Michalowski | audusd

200 day MA at 0.7550 level

The AUDUSD is moving back toward it's 200 day MA near the 0.7550 level. The high price has just reached 0.7542.  


On Thursday and Friday, the price traded above and below the MA level before moving lower.  Cracking the 100 day MA and closing below was the first break since May 2020. 
 
AUDUSD on the daily chart


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