AUDUSD is back lower after run higher stalls near key topside target resistance.What next? ...Middle East

The RBA will be announcing its rate decision later tonight/tomorrow in Australia. The expectation is for no change in policy. Focus will be on what is ahead for the central bankTechnically, the price high reached 0.66184 in the early Asian session. That took the price to the low of a swing area between 0.66189 to 0.66277. The 200-day MA is at the high of that swing area at 0.66277. Holding resistance against that area increases the areas importance going forward. A move above that level will target the 50% of the range since the August low. That level is also joined by the 100 bar MA on the 4-hour chart. Move above that level and traders will be looking toward the key 100-day MA at 0.6692

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