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Forex technical analysis: AUDUSD reaches 100 day MA

Discussion in 'Technical Analysis' started by ForexLive, Dec 11, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Erases Employment runup The AUDUSD raced to new lows and tested the 100 day MA as the market gyrated this morning. The move erased the gains from the stronger than expected employment report on Thursday in Australia. Yesterday, the price tried to hold corrective levels against the 200 hour MA (green line in the chart below) but that support was broken and it has been a march lower since that time.

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