Moving below the low of the swing area and 0.65357 level, would have traders toward next downside targets at the 100- and 200-bar moving averages on the 4-hour chart, which are currently at 0.65106 and 0.64853 respectively. A break below both moving averages would increase bearish momentum and open the door for a retest of deeper support.
For now, the close support is at 0.65357. Get below that level, and the 100 and 200 bar moving averages on the 4-hour chart become the next key levels and the volatile AUDUSD pair.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD volatility persists as sellers lean against trendline resistance. More work to do. )
Also on site :