Technical Analysis

AUDUSD extends above 200 hour MA

100 hour MA andn 200 hour MA broken today

The AUDUSD moved above the 100 hour MA and has now moved above the 200 hour MA at 0.7071 level (green line).  Between those two MAs was swing highs from Thursday and Friday.   The break above today, came down to retest that area before moving higher (bullish).  

The pair is still a few pips shy of the 38.2% of the move down from the Feb 27 high. That comes in at 0.70773. The 50% retracement is up at 0.71003. 


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