AUDUSD approaches 100 day/100 hour MAs

The AUDUSD is buying and selling in an up and down vary.

The upside has a cap close to 0.6781. The drawback has a flooring close to 0.66944.

In between sits the close to converged 100 hour and 100 day MA at 0.6738 space. The 100 hour MA (clean blue line) is transferring decrease. The 100 day MA (the step blue transferring reasonable degree overlayed at the chart) is transferring upper.

The MA space must be a bias defining degree for patrons and dealers. Keep beneath is extra bearish. Transfer above is extra bullish. To this point, the dealers are doing an good enough activity of retaining a lid at the pair (no less than within the NY consultation). Consumers nonetheless need to turn out they may be able to get above that space and keep above.