AUDUSD trapped between 100- and 200-hour MAs as traders await breakout ...Middle East

On the downside, today's U.S. session low stalled at the rising 100-hour MA, which is acting as near-term support. A break below 0.6296 would shift the short-term bias back in favor of the sellers, potentially opening the door toward the next support zone near 0.6268 and then 0.6254.

Until then, the battle between buyers and sellers continues to center around the converging moving averages, and the next shove will likely determine the near-term directional bias.

This article was written by Greg Michalowski at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD trapped between 100- and 200-hour MAs as traders await breakout )

Also on site :

• Grandpa of Idaho shooting suspect Wess Roley, 20, breaks his silence as chilling new details emerge about his past
• Cruise Passengers Capture 'Miracle' Rescue After 2 Go Overboard: 'Tiny Dots Left Behind in a Massive Ocean' 
• Rachael Ray Nearly Unrecognizable Amid Fan Concerns About Her Health