AUDUSD above 100 hour MA. Can it build more from the bullish side?
If risk levels hold.....
- The 200 bar MA on the 4-hour chart at 0.68208
- The 38.2% of the move down from the November 5 high at 0.68295*
- The 100 day MA at 0.68379
- The 200 hour MA at 0.68406
Nevertheless, you start from somewhere. Getting and staying above the broken trend line was step 1. Getting and staying above the 100 hour MA is step 2. For the buyers, can those risk levels now hold support? That will determine if the bulls can build from the bullish side and start to take out the hurdles above....