AUDUSD tests retracement/swing area
Sellers push AUDUSD to support target at 0.71436-0.71497The AUDUSD moved lower in the Asian session today and in the process fell toward the 200 hour MA and then the 50% retracement of the move up from the October 7 low. Him him him him.
- The 100 hour MA at 0.7185,
- The 200 hour moving average at 0.71726
- The 50% at 0.71674
Conversely, if the sellers from above, want more, they will need to push below that 0.71436 level. Falling below, will open the door more to the downside with lows from last week at 0.7122 (the low from Thursday) and 0.70924 (Wednesday's low) as the next targets.