The AUDUSD has bounced higher on back of a liquidity infusion into banks by the Peoples Bank of China. The move higher saw the price move above topside channel trend line resistance, and the 100 hour moving average (currently at 0.9069). This moving average is now risk for those who are long (or are thinking about getting long). In the video, I outline the technical picture for the pair, defining the risk and next targets.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in