100 horu MA at 0.7002 currently
The AUDUSD is trying to break below the 0.7000 level again (and 100 hour MA too at 0.7002). The pair over the laswt 24 hours has 12 hourly bars below the 100 hour MA and 7 bars below the 0.7000 level, but the lowest the price could get was to 0.69945 – not exactly a runaway on the breaks.
So this is the latest. Will it be the greatest? Sellers can give a shot. No promises though….
PS the real winners today in this pair are the sellers near the 200 hour MA (green line in the chart). There were some small moves above that MA line (the high got to 0.7026 only vs MA at 0.7023) in the Asian/early European session, but sellers were rewarded eventually with the move lower.