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AUDUSD moves toward 0.7000 level

Discussion in 'Technical Analysis' started by ForexLive, Sep 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The pair has not traded at the level since April 28, 2009 The AUDUSD is trading at new session lows (and new lows for the year) as it works it's way to the natural support at the 0.7000 level. The pair has not traded below that level since April 28, 2009. A move below that level will next look toward the lower trend line at 0.6975. That trend line was last tested on the 1,000 point plunge in the Dow last week. Traders paid attention then. Will they be as anxious now?

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