AUDUSD rises to 100 day/100 hour MA

The broader US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are dodging a technical bearish bullet, and will close above key daily MAs.

However, the risk-on flows are not racing into the AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar Read this Term. Yes, the price is up, but heading toward the end of the day, the price still remains below the 100 hour MA and the 100 day MA. Those moving averages come in near 0.6738 (the 100 hour MA is a little lower). The current price is at 0.6731.

The good news for the dip buyers is that the price is above the lows from the week down to 0.6694. The low today reached 0.6706.

We will head into the new day with the sellers holding onto full control below those MAs. If the price moves above, the bias shifts a bit more to the upside. However, there is more work to do with the

• 38.2% of the move down from the February 20 high at 0.67806,
• the falling 200 hour MA at 0.6786, and the
• 200 day MA at 0.67944 as targets needed to get to and through if the buyers are to take more control.

Absent that, and the sellers remain in control, with a move below the 0.66944 level opening the door to the downside.

Also not fully believing are US yields. The 10 year is off highs for the day but if it remains above 4.00%, the upside is still favored. The yield is currently at 4.0655%. The 2 year is back to unchanged at 4.885% after trading up to 4.944%.