Forex technical analysis: AUDUSD wanders toward cluster of support targets

Discussion in 'Technical Analysis' started by ForexLive, Jul 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Lots of stuff between 0.7571-76 The AUDUSD on the hourly chart, is testing a support area defined by a cluster of technical levels. The 200 hour MA (green line), 38.2% of the July trading range, trend line support and swing lows and highs going back to July 11th all gather in that area. The low just reached 0.7576. The buyers should lean with stops below the lower extreme.

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