AUDUSD closed near its 200 hour moving average near 0.6653 on Friday. Buyers increased the price in the Asian session, corrected lower to the 200 hour moving average in the European session and fell lower again in the US morning session.
That said, resistance has also stalled the rally between a swing zone between 0.6676 and 0.6689.
The price action is therefore up and down, with the 200 hour moving average needed to maintain support.
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