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Forex technical analysis: AUDUSD backs off against 200 hour MA and retracement level

Discussion in 'Technical Analysis' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Holds near 61.8% The AUDUSD rallied strongly today but has run into selling against the 200 hour moving average (green line in the chart below, at 0.72677), and the 61.8% retracement of the move down from last week's high to the low reached today (at 0.72668). The high price for the day reached 0.7269.

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