Mrsam36

AUDUSD STILL WANT TO MORE EXPENSIVE BULL ONLY READ THE CAPTION

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The 200-day moving average (blue line) at 0.6535 is a notable resistance point for now. Keep below and sellers will continue to stay poised in testing the 0.6520 level again. There is some added downside support around 0.6485-82 and that is preventing a steeper fall in the pair for now. But a break below that sets up a retest of the February low of 0.6441 next.
Those are the technical parameters in play as we look towards the days ahead

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