The AUDUSD sellers are making a play in the early US trading hours to start the trading week.
The worth has now moved under its 100 hour transferring common at 0.6432, and likewise under the 38.2% retracement of the September trading vary of 0.64287 (see chart under).
The subsequent key draw back hurdle is available in at the 0.6415 degree the place each the 200 hour transferring common (inexperienced line in the chart under) and the 50% retracement of the September trading vary is discovered. A transfer under that degree would open the door for additional promoting towards the 0.6400 space.
It would now take a transfer again above the 100 hour transferring common to frustrate the sellers and lead to a extra optimistic bias in the brief time period for the AUDUSD. Absent that the sellers are extra in management.
