Tue, 27 Sep 2022 14:10:53 GMT
AUD/USD respects 50-hour SMA
On Monday, the AUD/USD rate found support in the 0.6440 level and started a recovery. On Tuesday, the recovery encountered resistance in the form of the 50-hour simple moving average. The SMA pushed the rate down.
A decline below the 0.6440 level might look for support at 0.6400 and the weekly S2 simple pivot point at 0.6362. Further below, note the