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Forex technical analysis: AUDUSD failing? Moved above the 100 hour MA but stalls

Discussion in 'Technical Analysis' started by ForexLive, Sep 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Traders not convinced. Sellers more in control. Yesterday the AUDUSD dipped below the 100 day MA at the 0.7494 level. That move was short lived however, and a rally ensued. When the price approached the 100 hour MA in the Asian Pacific session, the sellers entered (blue line in the chart below at 0.75417 currently).

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