What's not to like about trading the Aussie when it plays like this?

Discussion in 'Technical Analysis' started by ForexLive, Sep 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    AUDUSD is playing nicely with the tech...for now? The aussie has bounced nicely from support around 0.7490 after the Friday and today's drop. 0.7500 put up a bit of a fight but the support further down around 0.7490 (including the 100 dma at 0.74876) has helped cushion the area, and has told break traders that they've got a lot more work to do to get the price below.

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