AUDUSD tests key 100 day and 200 hour moving average | Forexlive

The AUDUSD is testing its 100 day moving average and 200 hour moving average. Both key moving averages are near 0.6687.

A break below would increase the bearish bias and have traders looking down toward the 0.6634 – 0.66502 area is the next key downside target.

Dip buyers leaned against the level would still need a new move back above the 100 hour moving average – and stay above. That moving average is between a swing area from 0.67168 to 0.67294.

Key test on the downside.