AUDUSD tests 200 day /100 hour mA

AUD / USD

The AUD / USD is the currency pair comprising the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s exchange rate indicates how many US dollars it takes to buy one Australian dollar. For example, when the AUD / USD trades at 0.7500, it means that 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with narrow spreads, often remaining within the range of 1 pip up to 3 pip spread. at most forex brokers. AUD / USD Popular Among Various Types of Traders Many traders consider the AUD / USD to be perhaps the most consistent currency pair in relation to swing trading, as it has often moved in firm cycles. Having said that, each couple presents their own challenges. for traders.The AUD / USD is very popular with swing traders, with the four-hour time frame being, historically at least, more reliable than others. Historically the AUD / USD has been affected by interest rate differences, commodity prices, government credit ratings and general sentiment and speculation.

The AUD / USD is the currency pair comprising the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s exchange rate indicates how many US dollars it takes to buy one Australian dollar. For example, when the AUD / USD trades at 0.7500, it means that 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar (USD) is the most traded currency in the world, resulting in a very liquid pair, with narrow spreads, often remaining within the range of 1 pip up to 3 pip spread. at most forex brokers. AUD / USD Popular Among Various Types of Traders Many traders consider the AUD / USD to be perhaps the most consistent currency pair in relation to swing trading, as it has often moved in firm cycles. Having said that, each couple presents their own challenges. for traders.The AUD / USD is very popular with swing traders, with the four-hour time frame being, historically at least, more reliable than others. Historically the AUD / USD has been affected by interest rate differences, commodity prices, government credit ratings and general sentiment and speculation.
Read this Term has moved steadily lower over the last five trading hours and in the process as seen the price has moved down to test its 200-day moving average and 100-hour moving average near 0.7320.

The double moving averages should give traders a break from cause, with stops on an impetuous move to the downside. A swing low from Friday’s trade at 0.73128 and the 38.2% rebound from the February 24 move up low at 0.73083, would be viewed as confirming levels to reach and traverse with a breakout likely to lead to more selling.

Hold the area, and we could see some cover after the run lower.