AUDUSD faces its first big hurdle since the 2014 drop

Discussion in 'Technical Analysis' started by ForexLive, Apr 19, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The break of 0.7800 could bring a big technical test for the aussie It's been nearly two years since AUDUSD took its second big leg down from the 2011 highs and we're pretty close to testing out the strength of that move in this recent run higher. The 38.2 fib of that 2014 move is at 0.7849 and it's been an area of resistance since the price dropped through.

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