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AUDUSD trying to bottom. Two days up.

Discussion in 'Technical Analysis' started by ForexLive, Jan 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The bearish side? 200 hour MA holds above. The AUDUSD is up for the 2nd consecutive day. Seeing the pair has been on a one way ticket to the downside since December 3, with 8 of 10 days moving lower prior to the last two up days, that is a result. The move to the upside, has taken the price back above the September 2015 low at 0.6896 (it went above on Monday, but fell back lower).

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