AUDUSD moves above the 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Aug 15, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Seeing what life is like back above the 100 hour MA Traders long from the 200 hour MA, seems to have taken profit against the 100 hour MA. However, the correction lower was modest at best (is 6 pips a correction? Let's just say there was an hour long stall). The price has moved above the 100 hour MA. Buyers remain in control.

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