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There isn't much in the way of nearby support for AUD/USD

Discussion in 'Technical Analysis' started by ForexLive, Sep 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The Australian dollar broke below the August 31 low The picture for the Australian dollar is darkening, at least in the short term. The risk rout today has weighed heavily on the Australian dollar. It's lagging G10 FX today in a 1.33% decline. It's fallen 101 pips to 0.7465 and that breaks the 100-day moving average and the Aug 31 low.

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