Triple top.
Those looking at the AUDUSD, the pair now has a triple top at 0.7695. On the move down on the Yellen headlines, the price tested and so far held the 100 and 200 hour MA at 0.7650. Below that is a trend line that was broken twice yesterday and today, but quickly rebounded. A break below the MAs and trend line – and staying below – is needed to turn the traders more bearish. Right now, they are buying the dip against support.
Forex technical analysis: AUDUSD moves back lower to support and holds on test
