Lots of stuff between 0.7571-76
The AUDUSD on the hourly chart, is testing a support area defined by a cluster of technical levels.
The 200 hour MA (green line), 38.2% of the July trading range, trend line support and swing lows and highs going back to July 11th all gather in that area. The low just reached 0.7576. The buyers should lean with stops below the lower extreme.
The move lower seems to be in reaction to a dip in oil prices and other commodities (oil is trading down 1.74% - near $45). That is marking down the price a bit.
