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Forex technical analysis: AUDUSD test trend line as Fischer awaited

Discussion in 'Technical Analysis' started by ForexLive, Oct 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Up on the day After a move lower in the Asiian Pacific session, the AUDUSD found support against MA support and started a move back higher. We are currently trading at the highs for the day and testing a topside trend line. That trend line was actually broken on Friday but not failed. After the break the line reesstablished as resistance (blue circle 3). So will continue to use the line. A break above and we should continue higher.

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