Fall toward the 100 hour MA finds buyers
The AUDUSD got close to the 200 hour MA in the London session and stalled. The 200 hour MA is currently at 0.7875.
The price fell down toward the 100 hour MA in the NY session and stalled. The MA comes in at 0.7822. The low reached 0.7827.
The price trades between the two MA levels at 0.7822 and 0.7875. We currently trade at 0.7855.
An area between the MAs is the 0.78349-0.78429. That area (yellow area in the chart above) is the home to swing lows and highs going back to February 6th. In the decline today, the price did move below that level but rebounded. That area will now be close risk for buyers. The wider risk is the 100 hour MA at the 0.7822 level.
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