Retraces back to support area...
The AUDUSD has popped higher in the NA session. Prior action in Asia and the London morning were up and down. Looking at the hourly chart, the price moved above trend line resistance and buyers entered (at 0.7575). The high price extended up to 0.76297.
The price has corrected back lower and tests the 200 hour MA at 0.7599 (let's call it 0.7600) and the underside of a broken trend line at the 0.7594. If there is to be support this seems like a logical area to find buyers on dips.
