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Forex technical analysis: AUDUSD extends to new session lows

Discussion in 'Technical Analysis' started by ForexLive, Aug 30, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Commodities are lower Oil is lower. Commodities are lower. And the dollar is stronger. That has helped to put pressure on the AUDUSD. Technically, the pair has broken below a lower trend line. That trend line was broken yesterday at the start of the session/week's trading, but was quickly reversed. I will keep the line in tact on the failure on the first look.

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