AUDUSD trades to new lows and support area on risk off sentiment

Technical Analysis

Author: Greg Michalowski | forex

AUDUSD test 100 hour moving average and 200 hour moving average

The AUDUSD have seen a move to new session lows as the dollar moves higher after the initial shrugged off of the better-than-expected jobs data. There may also be some risk off sentiment in the AUDUSD as Pres. Trump imposes sanctions on Hong Kong's leader increasing the tension vs. China. 

AUDUSD test 100 hour moving average and 200 hour moving average
Technically, the pair is down testing a swing area between 0.7173 and 0.7182.  Also the 100 hour moving average at 0.7176 and 200 hour moving average at 0.7170 are all being approached. That area between 0.71701 and 0.71825 (yellow area in the chart above) is a swing/bias area for the pair.  Move below is more bearish. Stay above we could still see a bounce back higher.

The dollars also getting stronger vs. the EUR and GBP currently. Each have broken below support levels in the last 15-20 mi him himnutes.
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