AUDUSD rebounds into topside MA resistance
The AUDUSD moved decrease within the early Asian session, falling away from it is 100 hour MA, cracking beneath an upward sloping development line connecting lows from December 21, January four and January eighth. The pair additionally traded beneath, after which across the 200 hour MA, earlier than heading beneath the 38.2% on it is solution to a low for the day at 0.76655.
The worth has rebounded within the NY session and within the course of has returned again as much as retest the 200 hour MA (at the moment at 0.77198). The excessive reached 0.77153 and has wandered decrease/sideways for the reason that retest.
Going ahead, keep beneath the 200 hour MA at 0.77198 retains the sellers in play and extra in management. A transfer above, and the chance is that the transfer in the present day is just a technical correction with the transfer again above the 100 hour MA and damaged development line confirming that the patrons are again in full management.
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