The AUDUSD hsa dipped below the 100 day MA for the first time since August 2010. That level comes in at the 0.9977 level. The market will be watching this level on corrections. Being able to stay below the level should attract more selling. The pair has been pressured on the back of comments from the RBA suggests rates were appropriate. The pair is also suffering on the back of the “risk off” trade.
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