The AUDUSD has been buying and selling up and down in buying and selling at present, however technically, the 38.2% retracement of the transfer down from the September 1 excessive at 0.64198 and 100 hour shifting common close to the similar stage, held assist.
Conversely, on the high facet, the rally stalled in opposition to the 61.8% retracement of the similar September buying and selling vary at 0.64587.
In between, sits the 50% midpoint at 0.64392. That shall be the short-term barometer for extra bullish or extra bearish.
So though the up-and-down volatility may be irritating, the technical levels are offering merchants with clues for assist and resistance.
Going ahead, a break of the 38.2% retracement and 100 hour shifting common at 0.64198, would goal the 200 hour shifting common at 0.64089.. Move beneath that stage and the 0.6400 stage could have merchants focusing on a swing space between 0.6379 and 0.63874.
On the high facet shifting above 0.64587 would open the door for a transfer towards 0.64874. Above that, is the triple highs at 0.65216.
