Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

AUDUSD retraces earlier gains, but find some support buying.

A.R Chowdhury by A.R Chowdhury
September 21, 2021
Reading Time: 1 min read
0
AUDUSD retraces earlier gains, but find some support buying.

Trend line and 100 hour moving average keep a lid on the upside

The AUDUSD has retraced its earlier gains. The early Asian session low reached 0.7235 area. Swing lows from the New York afternoon session also bottom near that level. The low price just reached 0.7234.  So far support buyers are leaning against that low level.  The low price from yesterday reached 0.72199. That was close to the August 27 low price at 0.72217.

Trend line and 100 hour moving average keep a lid on the upside_ 

The price is well off the high price from the London morning session at 0.72823.

Looking at the hourly chart, that high price did look to test the downward sloping trendline at 0.72838 (the high price reached 0.72823). The falling 100 hour moving average is also in play near that level. The 100 hour moving average level currently comes in at 0.7284 (and moving lower – see blue line in the chart above). 

Ultimately, with the downward sloping trendline continue to hold resistance along with the 100 hour moving average, it will take a move above both to increase the bullish bias. Absent that and the overall trend remains more to the downside at least in the short/medium term.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
EURUSD tests a lower swing level, retracing the earlier gains

EURUSD tests a lower swing level, retracing the earlier gains

The major US stock indices open the day with gains

The major US stock indices open the day with gains

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

USD/JPY likely to have peaked for the day

August 3, 2020

Major indices close near lows for the day

August 26, 2021

EURUSD moves lower (dollar higher) as market reacts to comments from Mester

August 27, 2021

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.