AUDUSD returns to the closing level after run higher today fails

<p>The AUDUSD raced higher in the Asian session on the back of better employment data. However, the run to the upside saw buyers extend a swing area near 0.6839 to a high of 0.68463, but that run was short-lived. Buyers turned to sellers and the run to the downside started.</p><p>The price is now below the 200-hour MA at 0.6784 after testing the close from yesterday at 0.6771. Can the sellers – who are not making the break – keep the momentum going? </p><p>Stay below the 0.6790 area in the short term and we see further downside probing in the pair. </p>

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