The Traderszone Network

Published in TZ Latest News 2 December, 2016 by The TZ Newswire Staff

Forex technical analysis: Traders trading the levels in the AUDUSD

Test 100 hour MA. Break the 100 hour MA. Test the underside of the broken trend line.
It is Friday, but the AUDUSD is trading the technical levels (or so it seems. The 100 hour MA was tested after the employment report, the price moved lower. Then the 200 hour MA (green line) became a support. The 100 hour MA was broken (blue line).  The price moved to the underside of the broken trend line at the 0.7468 area and we are seeing a move back toward the 100 hour MA.