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Forex technical analysis: AUDUSD making a break for it

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

  1. ForexLive

    ForexLive Forum Member

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    Below trend line. Below 100 hour MA The break is just getting started but the AUDUSD has moved below trend line support and the 100 hour MA at the 0.7657 and 0.76539 levels respectively. The price is also below swing lows from yesterday and Tuesday (see yellow area). The next target is the 200 hour MA at the 0.76229 and the lows for the week at 0.76027 and 0.7610.

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