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EURUSD going back up. AUDUSD breaking to new lows. EURAUD on the move

Discussion in 'Technical Analysis' started by ForexLive, Apr 7, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Trades above 100 day MA The EURUSD is breaking back above the 1.1376-86 area> the AUDUSD is trading to new session lows. The EURAUD is on the move. Indeed, the pair is trading near session highs and in the process, has moved above the 100 day MA at 1.5164. The price tested that MA on Tuesday and fell back down. The move above today is a more bullish. The 200 day MA is at 1.5268 and would be the next upside target off this chart - if the broken 100 day MA can stay broken....

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