AUDUSD's fall below the May 2017 low failed yesterday. Today that level held. - ConsultFX

AUDUSD's fall below the May 2017 low failed yesterday. Today that level held.

Trades mid range currently The AUDUSD fell below the May 2017 low yesterday and failed after a 5 pip break.  Today, that level (at 0.73287) held on the dip. The low reached 0.73293 and bounced.  That tells us the buyers are trying to make a play that the bottom is in place.