The pair is confined in a 64 pip range over the 4 days
The AUDUSD has been mired near recent lows in a 64 pip range from 0.7177 to 0.7241 over the last 3-4 trading days. There have been a lot of ups and downs. Today, the pair moved higher and stalled ahead of the 100 day MA at 0.72303. It stalled near the falling 100 hour MA at 0.72177. That inability to make a run at the 100 day MA for the 2nd straight day keeps the sellers in charge.
ON the downside, the pair is testing the 0.7190 level which was the low from last Thursday and earlier today (see blue circles). The 0.7177 is home to 3 lows yesterday and today (green circles). If the sellers are to take more control, those levels need to be broken.
Stocks have retraced gains, but is off the lows too. The Pres. is rattling the government shut down cage. That and ups and downs from the China rhetoric is also a concern. The AUDUSD has not really bitten on hopes for better relations with China (i.e. China cut tariffs on autos).
