AUDUSD back below the 100 hour MA as China/risk off weigh


100 hour moving average at 0.72596 is now resistance. Those two technical breaks along with the fact that the price highs both yesterday and today stalled ahead of the 38.2% retracement, and within the swing area between 0.73125 and 0.73226, was the technical catalysts for more downside momentum.  

Leave a comment