Forex technical analysis. AUDUSD tests trend line and holds the line

Discussion in 'Technical Analysis' started by ForexLive, Feb 5, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    What now? The AUDUSD is up testing an upper trend line at the 0.72375 level. The price moved up to 0.72418 today and has rotated back lower. Yesterday the pair moved and closed above the 100 day MA. The low today stayed clear of that MA giving the buyers the reason to extend higher.

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