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Forex technical analysis: AUDUSD moves up to test 100 hour MA/50% retracement, and stalls

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    AUDUSD is a seasonal winner in Feb. What would make it look bullish technically? Now that we are in February, it was time for . Leading the table is the AUDUSD which has been up in 12 of 16 years. The pair is off to a slow start - falling from the end of month level at 0.7080 to a low today of 0.70387. However, the pair has moved off the lows and just tested a key resistance level.

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