Technical Analysis

The AUDUSD trades to highest degree since February sixth

Above 100 day MA

The AUDUSD trades to the best degree since February sixth and within the course of moved above the excessive from yesterday and the 100 day MA at zero.71608. Yesterday, the value stalled on the 100 day MA and bottomed in the present day on the 200 hour MA (inexperienced line at zero.7104 space).  

AUDUSD reverses higher and cracks above the 100 day MA

Now that the 100 day MA has been broke, what subsequent?

Nicely, the 50% retracement is at zero.7174 and there’s a little pause forward of that degree.  A transfer above the extent would have merchants wanting towards the swing low from February fifth at zero.7193. The 61.eight% is at zero.7202. 

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