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AUDUSD trends higher again today..

Discussion in 'Technical Analysis' started by ForexLive, Dec 1, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Steps higher in trading today The AUDUSD is trending higher again today and the rise is following a leg up, and correction to the 38.2-50% correction zone (see yellow areas in the chart below). This is indicative of trend buyers who are keeping firm control of the trend. Stay above the correction zone and the buyers remain in control. Move below and the trend may be slowing.

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