Forex technical analysis: AUDUSD continues to find support against the 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Sep 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Be aware. The AUDUSD is lower on the day, but the pair continues to find support near the 100 hour MA. If you extend a trend line off recent swing lows, that line is also a support level for the pair. The 100 hour MA comes in currently at the 0.76526 level (see H1 MA 100 in the chart below). The low for the day comes in at 0.76527. The trend line is right at the MA level today. NOTE that at the highs today, the pair down sellers against the top side trend line. So traders area leaning above and leaning below at the moment (see chart below).

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