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Forex technical analysis: AUDUSD returns to a familiar place

Discussion in 'Technical Analysis' started by ForexLive, Sep 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    100 day MA being tested again The AUDUSD is returning to familiar support area. That being against the 100 day MA. Since August, the 100 day MA (blue line in the chart above) has been tested 4 other times and each has found support buyers. The last was just yesterday. The price got to within 7 pips of the MA level before pushing back higher.

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