audusddaily

The longterm trend line on the weekly chart comes in around .9800 at the moment and whilst these lines are notoriously difficult to draw, the fact that there is a 61.8% retracement level at .9812 adds strength to the level. With the 100-day MA also fast approaching at .9735, bulls can try buying a bounce off these support points with relatively tight stop-loss orders (or even stop-reverse orders).