The AUD/USD rebound following the 2019 foreign money market flash-crash has been capped by the 200-Day SMA (0.6909), with the tra
The AUD/USD rebound following the 2019 foreign money market flash-crash has been capped by the 200-Day SMA (0.6909), with the trade charge staging a number of failed makes an attempt to interrupt/shut above the transferring common all year long.
AUD/USD Day by day Chart (Chart 1)
The habits seems poised to persist in 2020 as an identical situation takes form in December. Consider, the destructive slope within the easy transferring common dates to 2018 when AUD/USD carved a double high formation between September 2017 and January 2018.
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— Written by David Tune, Forex Strategist
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