Also moves below weeks floor
The AUDUSD is also making a break lower traders exit commodity currencies. The technicals are also supportive of the move.
Looking at the hourly chart, the pair moved back below the 100 day moving average at the 0.71844 level. Earlier in the Asia-Pacific session, the price fell below this level, but when it could not get below Monday and Tuesday's low prices a rebound ensued. That move stalled at the 100 hour moving average at the 0.7207 level. The subsequent fall below the hundred day moving average and then below the weeks floor at 0.7158, has given the pair an added push (see chart above).level is
Looking at the daily chart, the pair is approaching a key trend line at the 0.7085 level Be aware. The line has a number of tests.
