100/200 hour MA at 0.7776 area
The AUDUSD after testing the 100/200 hour area for 5 consecutive hourly bars has made a break for it with a break above the MA levels currently near converged at 0.7775 to 0.7777. The price is currently trading at 0.7785.
Risk now is a move back below those moving average levels. IF broken, there should be sellers on the disappointment .
This article was originally published by Forexlive.com. Read the original article here.