Technical Analysis: AUDUSD bounces on PBOC liquidity infusion via ForexLive

The AUDUSD has bounced higher on back of a liquidity infusion into banks by the Peoples Bank of China. The move higher saw the price move above topside channel trend line resistance, and the 100 hour moving average (currently at 0.9069). This moving average is now risk for those who are long (or are thinking about getting long). In the video, I outline the technical picture for the pair, defining the risk and next targets.

posted via ForexLive