AUD/USD Buyers Attempt to Reclaim 200-Day Moving Average

AUD/USD buyers are attempting to push the price back towards the 200-day moving average at 0.6526. However, the price movement is capped by this key technical level and the 61.8 Fib retracement level at 0.6536. Buyers need confirmation from today’s and tomorrow’s data to solidify their convictions. If they can break through the 200-day moving average, it could give them more momentum to push the price to the 100-day moving average next.

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