AUDUSD runs into some overhead resistance
200 hour MA and the 100 day MA stall the run higher
The run to the upside took the price back above its 100 hour moving average at 0.68056. After testing the 200 bar moving average on the 4 hour chart (currently at 0.68239), the price broke above only to run into other moving average targets defined by the 200 hour moving average at 0.68328 and the key 100 day moving average at 0.68362. It's tough sledding when technical levels line up near each other. NOTE: the 200 bar moving average on the 4 hour chart has done a good job of holding resistance over the last few days. It is now close support as a result.