Technical Analysis

AUDUSD ticks back above the 100 day MA. Can it stay there?

Will sellers lean against the MA/61.8% retracement.

After falling below the 100 day MA for the first time in 5 months, the price is ticking back above the MA line at 0.70915.  That is also above the swing low from October 6th but still below the broken 61.8% of the move up from the September 25 low at 0.70966.    

This is a key area for the pair.  Stay below the 0.70915-0.70966 and the sellers remain in control.  Move above, and the waters get a little more muddy for the pair.  

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