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Forex technical analysis: AUDUSD falls below 200 day MA on hawkish minutes

Discussion in 'Technical Analysis' started by ForexLive, May 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A close below 200 day MA at 0.72575 would be more bearish. The AUDUSD tumbled lower after the more the hawkish FOMC meeting minutes. The move has now taken the price below the 200 day MA at the 0.72575 level. The pair opened the trading week below the 200 day MA but rebounded. It has not closed below the MA since March 1, 2016.

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