TipTVFinance

AUDUSD - 50-DMA stands exposed

FX:AUDUSD   Australian Dollar/U.S. Dollar
Pair's bearish break from smaller rising trend line earlier this week followed by a rejection at 5-MA today has increased risk of a cut through daily low of 0.7622 and a drop to 0.7533 (50-DMA + larger rising trend line support).

On the other hand, a move above 0.7709 (smaller rising trend line ) would be required to reignite bullish move.
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