Traders not convinced. Sellers more in control.
Yesterday the AUDUSD dipped below the 100 day MA at the 0.7494 level. That move was short lived however, and a rally ensued. When the price approached the 100 hour MA in the Asian Pacific session, the sellers entered (blue line in the chart below at 0.75417 currently).
Forex technical analysis: AUDUSD failing? Moved above the 100 hour MA but stalls
