AUDUSD remains above the key MA support level. What gives the pair a boost?


AUDUSD broke above the 100-day MA on Wednesday for the first time since June 8, but momentum could not be sustained.

Yesterday the price moved back above the moving average level and was able to stay above it despite falling today. Today’s lows tested the 100-day moving average on 2 occasions, and each found supportive buyers.


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