The Traderszone Network

Published in TZ Latest News 5 August, 2016 by The TZ Newswire Staff

Forex technical analysis: AUDUSD tests key support and stalls on 1st look

100 hour MA/38.2% retracement.
The AUDUSD is testing a key technical support level. The  pair is testing the 100 hour moving average (blue line in the chart below) and the 38.2% retracement of the move up from the August 1 low (RBA cut day) and the high reached today.  That level comes in at 0.7595.