Buying and selling between ceiling and flooring
The AUDUSD is protecting a extra bearish bias because the pair trades in a variety. The excessive for the vary is up at zero.72766. The low is at zero.7198 (78 pip vary). In between these extremes is the 100 and 200 hour MA and the 100 day MA. These MAs are between zero.7236 and zero.72538. Shifting above the 200 hour MA could be extra bullish. That’s danger for shorts now. Staying beneath the 100 hour MA and 100 day MA retains the sellers extra in management.
Vary buying and selling between the 6 plus day vary. Buying and selling beneath the MAs retains the sellers extra in management Finally there will probably be a break and run however proper now the market just isn’t prepared. It wants the shove.