Range is up to 40 pips
The AUDUSD has seen a slow up and down decline that has seen the price move to a new intraday low at 0.72387.
The move takes the price into as swing area between 0.72368 to 0.72452. Get below those levels and not far away are the converging 100/200 hour MAs and the 38.2% of the August trading range (from the August 4 high). That area comes between 0.72245 to 0.72277 (the 38.2% comes in at 0.72281 level).
