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Break below 10DMA would signal end of recovery phase and reversal - Windsor Blog
The Australian dollar fell in European session on Friday, maintaining negative near-term tone, following repeated recovery rejection at 0.6750 Fibo barrier (23.6% of 0.7032/0.6662, reinforced by falling 20DMA) and Thursday’s close in read after three-day rally. Recovery phase might be over as larger picture is bearish and renewed risk-off mode weighs on Aussie. Dips were …