Pair has been whipped around on the headlines but making new lows (despite rising stocks again)
The AUDUSD has been whipped around with the headlines from WH and China. With good news it went up 12 pips. Then came back down. The ranges are still modest (so don’t get too excited).
The price did just extend to new session lows and this is despite the stocks moving back higher (no headlines though). Go figure. In the process we are once again back below the 100 hour MA for the 13th time over the last 27 hourly bars (if I counted right).
Is this break for real? and