The Traderszone Network

Published in TZ Latest News 20 March, 2016 by The TZ Newswire Staff

Forex technical analysis: AUDUSD pushes through 38.2% retracement

Key target at 100 hour MA and 50% retracement
The AUDUSD has pushed to new lows for the session and in the process moved below the next target at 0.7578. The low has extended to 0.7568.  The pair has a key support target at the 100 hour MA and 50% retracement at the 0.7547 level  (both are converged at that level currently).