Down retesting the 100 hour MA after run higher stall ahead of prior swing levels
The AUDUSD is completing its lap up and down. The low in the Asian session reached 0.70917. The price moved to a high of 0.7135. That high was just short of the swing low from Jan 29 and the swing high from Feb 5th at 0.71378.
The fall back down just reached 0.7093 - a pip or 2 from the earlier low. Close enough to complete the up and back down lap.
The pair is also looking to retest the 100 hour MA at 0.70901.
Look for profit taking buyers against the 100 hour MA with stops on a break below.
