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AUDUSD tests 100 day MA as dollar falls

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Been above and below MA this week The AUDUSD made a break below the 100 day MA yesterday AND also a low floor from Monday, Tuesday and Wednesday's tradings (see chart below). That move solicited move selling but the momentum dried up and with the weakness in the dollar surfacing in the last hour or so, the pair has moved back above the old floor at the 0.7158 level and has tested the 100 day MA. Now the trade is stay above the floor and break above the 100 day MA OR stay below the 100 day MA and get back below the floor?

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