AUDUSD rebounds into a swing area resistance target. What next? ...Middle East

The AUDUSD - like other pairs vs the USD today - has moved sharply lower over the last 6 /7 trading days, over that period, the high price on November 7 reached 0.6687. The low price on Thursday last week reached 0.64402. At the high, the price stalled just ahead of the 100 day MA. At the low, the price was just above a swing level going back to August 5 (the day of the Japan carry trade unwind). The swing low on that day came in and 0.64349. In trading on Friday, the price traded up and down with resistance near the high of a swing area between 0.6471 and 0.6479. In trading today, the Asian session high stalled near that level as well but after falling into the early US session, the pric

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AUDUSD rebounds into a swing area resistance target. What next? ...Middle East

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