The AUDUSD fell beneath a swing space close to 0.6523 and the 100 bar MA on the 4-hour chart final week (at 0.6525) and other than a number of modest strikes above (together with into final week’s shut), a lot of the value motion was beneath the 0.6523-25 space.
In buying and selling immediately, the worth moved beneath that stage within the Asian session and has stayed beneath that stage over the past three or so 4-hour bars. Staying beneath will hold the sellers extra in management. On the draw back, the low costs close to 0.6486 are the subsequent targets adopted by the opposite closing ranges going again to early February all the way down to 0.6442.
Conversely, if the worth can get and lengthen above the 0.6525 stage, a cluster of transferring averages together with the 200 bar transferring common on the 4-hour chart at 0.6543, the 100-day transferring common at 0.65527, and the 200-day transferring common at 0.65586 can be focused.
