The AUDUSD/NZDUSD are moving lower w/geopolitical and risk-off sentiment the catalyst ...Middle East

The AUDUSD and the NZDUSD are both lower as risk-off sentiment and geopolitical tensions hurt what has been a bullish bias in the pairs.The AUDUSD reached the highest level for the year yesterday forming a double top in the process (going back to February 2023). The double top, did give sellers the go-ahead to push lower from a technical perspective. Today, the price has continued the downward momentum, with the price moving below its rising 100 hour moving average at 0.68931. Bearish tilt. Recall from last week, the price also move below that moving average level before basing and rotating back to the upside. That type of price action(i.e a break back above the 100-hour MA). On the downside

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The AUDUSD/NZDUSD are moving lower w/geopolitical and risk-off sentiment the catalyst ...Middle East

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