Forex technical analysis: AUDUSD breaks for it. Moves below 100 day MA.

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Also moves below weeks floor The AUDUSD is also making a break lower traders exit commodity currencies. The technicals are also supportive of the move. Looking at the hourly chart, the pair moved back below the 100 day moving average at the 0.71844 level. Earlier in the Asia-Pacific session, the price fell below this level, but when it could not get below Monday and Tuesday's low prices a rebound ensued. That move stalled at the 100 hour moving average at the 0.7207 level. The subsequent fall below the hundred day moving average and then below the weeks floor at 0.7158, has given the pair an added push (see chart above).level is

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