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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

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    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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