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AUDUSD stays above key MA support level. What is giving the pair a boost?

  • Stays below its 200 day MA

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

Yesterday, the price move back above the moving average level and has been able to stay above despite a dipped back lower today. The low prices today tested the 100 day moving average on 2 separate occasions, and each found support buyers.

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