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AUDUSD Again Bounces-Off From Important Support

Discussion in 'Technical Analysis' started by Kaitlin, Dec 15, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Even as the 0.7380-85 horizontal resistance, including 38.2% Fibonacci Retracement of May – September downside, keep limiting the AUDUSD's near-term advance, the 0.7200 – 0.7185 area, including 23.6% Fibo, 50-day and 100-day SMA, provides strong downside support to the pair from which it again bounced off during Monday. The pair[​IMG]

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