The AUDUSD tests a cluster of support

Technical Analysis

Author: Greg Michalowski | audusd

0.6955 to 0.69599 has number of technical levels in the AUDUSD

0.6955 to 0.69599 has number of technical levels in the AUDUSD

The AUDUSD is down testing lows for the day, and in the process is testing the:

  •  50% retracement at 0.69599
  • The 200 hour MA at 0.6859
  • The swing low area from June 4 adn June 6 at 0.6955-57
The combination of the levels is giving buyers a low risk opportunity to buy.   However, on a break, there should be stops and a move further to the downside.  



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