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Forex technical analysis: AUDUSD backs off against 200 hour MA and retracement level

Holds near 61.8%

The AUDUSD rallied strongly today but has run into selling against the 200 hour moving average (green line in the chart below, at 0.72677), and the 61.8% retracement of the move down from last week's high to the low reached today (at 0.72668). The high price for the day reached 0.7269.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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