Against the British pound, the euro is definitely not doing well this Friday. What's going on?
AUD/USD: Moving Averages acting as resistance
Information is not investment advice
There's a 'Triple Top' pattern, which has been confirmed, so the price moved higher, but the Moving Averages are acting as resistance. The main target is the next resistance area at 0.7198 - 0.7234, which was tested before. If a pullback from these levels happens little later on, the market could go back to the Moving Averages.
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