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AUDUSD retains neutral outlook around 0.72

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    AUDUSD retains neutral outlook around 0.72 AUDUSD retains a neutral long term outlook as the pair pivots around the key 0.7200 level. After declining sharply from the May 2015 high of 0.8162, the market has stalled and traded sideways since September. The range is defined by the January low of 0.6826 and the December high of 0.7384. The 50 and 100-day moving averages have levelled off which also highlights the lack of direction in the market for now. Looking at the short term, AUDUSD staged

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