AUDUSD rebounds into topside MA resistance The AUDUSD moved lower in the early Asian session, falling away from it's 100 hour MA, cracking below an upward sloping trend line connecting lows from
Daily Market Outlook, September 26, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded lower, reflecting the mixed performance in the United States and concerns about rising yields.
If in March greenback dominated Forex, in April it is certainly the underdog of the international currency market. The seasonal factor suggests that in May the situation may change dramatically again.
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