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Forex technical analysis: AUDUSD corrects to support in trading today

Discussion in 'Technical Analysis' started by ForexLive, Mar 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Watching 0.7494 on the downside The AUDUSD has moved lower in trading today and is down on the day. The last 11 trading days has seen the pair move up from a low of 0.7107 to a high of 0.7593 today. In the process, the price moved above the 50% of the move down from the May 14 high at 0.74945. That level also corresponds with high prices from July 2015.

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