November 26, 2022

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AUDUSD moves above 100/200 hour MA as risk on continues

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100/200 hour MA at 0.7776 area 

The AUDUSD after testing the 100/200 hour area for 5 consecutive hourly bars has made a break for it with a break above the MA levels currently near converged at 0.7775 to 0.7777.  The price is currently trading at 0.7785.

100/200 hour MA at 0.7776 area 

Risk now is a move back below those moving average levels.  IF broken, there should be sellers on the disappointment .  

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