Australian dollar falls back below 200-day moving average, watch the close

Discussion in 'Technical Analysis' started by ForexLive, May 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    AUD/USD continues to flirt with 200-dma The Australian dollar is trading at a session low and threatens a fresh fall below the 200-day moving average. AUD/USD fell below the 200-dma for the first time since early March but reversed later in the day and finished higher. That momentum continued yesterday but today's, 65-pip fall in AUD/USD took out the 200-dma once again.

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