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Forex technical analysis: AUDUSD wander lower on the day after failing to sustain an...

Discussion in 'Technical Analysis' started by ForexLive, Oct 20, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    RBA meeting minutes to be released in the new trading day The AUDUSD last week, held below the 100 day MA (blue line in the chart above). There were two peeks above the MA line but each failed. On Friday, the pair started to move further away and today has seen a move higher during the Asian Pacific session, but a rotation and lap back lower in the London/NY trading session. The current price is trading slightly lower than the Friday closing level (down about 12 pips).

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