AUDUSD is testing it’s a 200 hour moving average.

A move – and close – above the 200 hour MA would be the first since May 11.

The AUDUSD is testing at 200 hour moving average of 0.65467. The high price reached 0.6548, and backed off on the first look. The current price is trading at 0.6537. The price of the AUDUSD is not trade/closed above it’s a 200 hour moving average since May 11. A break – and close above – would give buyers more confidence, and tilt the short-term bias in favor of the buyers. On a break above, the high price from Tuesday’s trade reached 0.6558. Above that and traders would start to look toward the 38.2% retracement of the May trading range. That level comes in at 0.65951.

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