AUDUSD lower on the week but buyers and sellers are consolidating the declines ...Middle East

The AUDUSD is lower on the week, but since bottoming on Wednesday, the price has moved up and down. IN the process, the price has seen the price move above and below the 61.8% of the move up from the August low at 0.6575. The price over the last day or so has also moved above and below the falling 100 hour MA (which caught up with the price this week).When the price action trades above and below technical levels, it says to me that the market is unsure of the next move. Having said that, in the hourly chart below, the price has been holding support at the 100 hour MA over the last few hours. Are buyers making a play? If so, they would need to get and stay above the falling 200 hour MA at 0.

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AUDUSD lower on the week but buyers and sellers are consolidating the declines ...Middle East

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