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- The AUD/USD remains below MA 200 H1
The AUD/USD remains below MA 200 H1
Yesterday the AUD/USD traded higher and closed the day in positive territory around $0.6745. Today it has also slightly increased, having risen to the level of $0.6785. On the hourly chart, AUD/USD is still trading below the moving average MA (200) H1 ($0.6785). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the AUD/USD remains below MA 200 H1, it may be necessary to look for entry points for selling at the end of the correction.
Resistances levels are at: $0.6815, $0.6915, $0.6955
Support levels are at: $0.6700-05, $0.6680, $0.6620
Probably, the main scenario is the continuation of the downward movement to $0.6705 (Sep 14 low).
Alternative scenario is consolidation above MA 200 H1 followed by growth to $0.6915 (Sep 13 high).
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