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AUDUSD stalls at 100 hour MA. Backs off after first test.


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Based at swing area and moved higher

The AUDUSD has move higher off a swing area at the 0.7050-56 area. After that area held support, the price moved higher but has found some stall at the 100 hour MA at 0.70752.

Right now, the support held. The first resistance level held. 
ON a break above the 100 hour MA, the next target will be the 200 hour MA and 50% retracement at 0.7089.   Monday’s high was able to get above those levels but stalled near the October 24 high and the 61.8% retracement.  
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