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- AUD/USD remains slightly below the MA 200 H1
AUD/USD remains slightly below the MA 200 H1
Yesterday, the AUD/USD pair traded multidirectionally in a wide range of 0.6190-0.6240 and closed the day in positive territory near the price of 0.6210. Today, the pair started trading with a slight decrease to 0.6195. On the hourly chart, AUD/USD dropped slightly below the MA (200) H1 moving average line (0.6220) and remains slightly below MA (200) H4 (0.6350) on the four-hour chart. Based on the above, it is probably worth following the southern direction in trading and as long as the pair remains below MA (200) H1, if necessary, it is worth looking for entry points to sell during the formation of a correction.
Resistance levels are at: 0.6240, 0.6290-6300, 0.6340
Support levels are at: 0.6180, 0.6100, 0.6000
The main scenario for the pair's progress suggests a breakout of the 0.6180 support and there may be a decline to the psychological level of 0.6100
An alternative scenario for the pair's advance implies a breakout of the resistance 0.6240 (Jan 8 high) and there may be an increase to 0.6290-0.6300 (Jan 6-7 highs)
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