AUDUSD is testing the 100/200 day moving averages
the honor
Australian dollar / US dollar
The AUD/USD currency pair is the currency pair that includes the Australian dollar from the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, it means that 1 Australian dollar is equal to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar
The AUD/USD currency pair is the currency pair that includes the Australian dollar from the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, it means that 1 Australian dollar is equal to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar
Read this term It rushes to a new session high and in the process tests its 200 day moving average of 0.66949. The price has already moved above 100 days moving average
moving average
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a given number of data points over a specified period of time, and then plotting that average as a line on the graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In the financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
A moving average is a statistical tool used to smooth out short-term fluctuations in data and reveal long-term trends. It is calculated by taking the average of a given number of data points over a specified period of time, and then plotting that average as a line on the graph. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA). In the financial markets, moving averages are often used to analyze stock prices, exchange rates, etc.
Read this term from 0.66866. Staying above the 100-day moving average is keeping the buyers firmly in control.
On Tuesday and again on Wednesday, the price moved above those moving averages only to fail and extend to a new week low during Thursday’s trading at 0.65987. This low approached but could not break the swing lows from last week between 0.6594 and 0.6603. Rebound started.
US jobs data sent the price higher, but resistance stopped the rally ahead of the 100-hour moving average (currently adding 0.66632). After a downside correction, the price started to turn back to the upside, breaching both the 200 and the 100 hourly moving averages in the process. The move has now extended to the daily moving average targets mentioned above.
In a move above the 200 day average, price will target Tuesday’s trading high of 0.6705 and then the 38.2% retracement of the move down from the June high. This level comes at 0.6711. A break above this level is the minimum correction if buyers are to show that they are serious about moving to the upside.
Buyers make a play. The next major hurdle is the 200-day moving average.