The Traderszone Network

Published in TZ Latest News 15 March, 2016 by The TZ Newswire Staff

Forex technical analysis: AUDUSD moves below support targets, but fails

Key failure puts the buyers in control.
The AUDUSD fell below trend line support and the 200 hour MA at the 0.7455 level during the period after the weaker US data (I guess on move out of risk) but has since moved back above the key level.  The failure should solicit more buying in the pair against the support level with stops on a re-break below.