Technical Analysis

AUDUSD retraces back to the 100 hour MA

Support holding at 100 hour MA after run to the higher 200 hour MA stalled

The AUDUSD rallied up toward the 200 hour MA on the dollar selling but when it could not be reached and the dollar started to strengthen again (lower AUDUSD). 

The falll has now taken the price back to the 100 hour MA at 0.68732 and that has held.  

So the battle lines are drawn with the 200 hour MA above (has not traded above since June 11) and the 100 hour MA below (busted above after the FOMC decision). 


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