The AUDUSD corrects to a swing area and 0.7200 level - ConsultFX

The AUDUSD corrects to a swing area and 0.7200 level

Stalls ahead of the 50% retracement (from August 21 high) The AUDUSD pushed above the 200 hour MA and trend line yesterday and moved higher on better than expected employment numbers. That run took the price to the 38.2% retracement (from August 21 high) and the 0.7200 level.