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Forex technical analysis: AUDUSD tumbles lower. Falls below the next key intraday support

Discussion in 'Technical Analysis' started by ForexLive, Dec 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    200 hour MA and 50% broken Ryan did a . He commented how the AUDUSD was being pressured by declining iron ore prices (lowest levels since 2009). Technically, he also pointed out how the pair reached a short term technical level on Friday, against the 38.2% of the move down from the May high at the 0.7083 area. That move also corresponded with the high from from October. The level held and a move down was started

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