AUD/USD has shown shown volatility this week, with resistance encountered between 0.6720-30 for most of the week. On Wednesday and Thursday, buyers tr
AUD/USD has shown shown volatility this week, with resistance encountered between 0.6720-30 for most of the week. On Wednesday and Thursday, buyers tried to push the price up due to volatility caused by the FED rate decision, which markets considered as a dovish hike, which sent the USD lower.
This upward price action managed to surpass the midpoint of the decline from the February 20 high at 0.67417 and reached the falling 200 daily moving average (purple) at 0.6760, which is a crucial level, but buyers failed to push the price above that.
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