The AUDUSD price action makes me say…."HMMMMMMM"

<p>The AUDUSD current price is near the same level as it was 24 hours ago. And guess what, the technical levels are the same.</p><p>The price is above the 100 and 200-hour MAs. Bullish. However, the 100-day MA (today at 0.66824), the 200-day MA (today at 0.66971), the high price from last week at 0.6705), and the 38.2% retracement (the minimum retracement target). All those hurdles are in the way and would need to be broken.</p><p>Today, the buyers in the Asian Pacific session were able to get above the 100 day MA, but not the 200-day MA. Buyers turned to sellers and took the price back below the 100/200 hour MAs (which could not be sustained – UGH!). </p><p>However, with the price now back above the 100/200 hour MAs, the buyers have more control, but…. HMMMMMM… there is work to do. </p><p>By the way, the video from yesterday looks alot like the one today (except I have shorter hair today). You can watch it below:</p>

This article was written by Greg Michalowski at www.forexlive.com.