AUD/USD Price Analysis: Drops towards 0.7300 even as sellers flirt with 20-DMA
newscatcher
2021-09-14 23:30
AUD/USD Price Analysis: Drops towards 0.7300 even as sellers flirt with 20-DMA
AUD/USD remains pressured after the heaviest daily fall in a week. MACD conditions, downside break of 50-DMA favor sellers. Bulls need to refresh monthly top for fresh entry. AUD/USD stays depressed around 0.7315 after declining the most in a week the previous day. Although 20-DMA challenges the pair sellers, a clear downside break of 50-DMA, backed by downbeat MACD signals, keeps bears hopeful. However, the 20-DMA level of 0.7315 and the 0.7300 round figure challenge the pair's short-term declines.

https://www.fxstreet.com/news/aud-usd-price-analysis-drops-towards-07300-even-as-sellers-flirt-with-20-dma-202109142323

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