AUDUSD Technicals: The AUDUSD bounces off swing area and moves up to 200 day MA
The AUDUSD is caught in a technical sandwich. Buyers found a floor at a key long-term swing area, but the recovery rally has run smack into a wall of resistance against a key MA. .If you look at the 4-Hour chart of the AUDUSD, you can see the technical battle lines are clearly drawn.The Support: Buyers Lean Against the August Lows Earlier in the day, the price extended lower, and tested the resolve of the sellers and the courage of the buyers.
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