AUDUSD has a bearish tilt but the price remains contained within 100 ip and down range

As a result, the technical bias remains tilted to the downside while the price stays below the hourly moving averages. However, sellers still have work to do. To strengthen the bearish case and gain greater control, they need to break below and stay below the 0.7100–0.7113 support area. Until that happens, the broader trading range remains intact and the risk of another bounce from support cannot be ruled out. This article was written by Greg Michalowski at investinglive.com.

Forexlive2d ago1 min readSingle source

AUDUSD has a bearish tilt but the price remains contained within 100 ip and down range — Image · Forexlive

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As a result, the technical bias remains tilted to the downside while the price stays below the hourly moving averages.
To strengthen the bearish case and gain greater control, they need to break below and stay below the 0.7100–0.7113 support area.
Until that happens, the broader trading range remains intact and the risk of another bounce from support cannot be ruled out.
This article was written by Greg Michalowski at investinglive.com.

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Integrity note · The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Forexlive.

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