December 5, 2022

Forex Solution

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AUDUSD moves to a new session low

1 min read

Range is up to 40 pips

The AUDUSD has seen a slow up and down decline that has seen the price move to a new intraday low at 0.72387.

Range is up to 40 pips

The move takes the price into as swing area between 0.72368 to 0.72452. Get below those levels and not far away are the converging 100/200 hour MAs and the 38.2% of the August trading range (from the August 4 high).  That area comes between 0.72245 to 0.72277 (the 38.2% comes in at 0.72281 level).

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