AUD/USD Trading Off Technicals Levels

Looking at the AUD/USD pair on an hourly retracement analysis from the 1/19 high to the 1/21 low we see the pair reacting to some technicals. After trading off the lows this week, the pair traded up to the 50% retracement level, which was also coincidentally the 100 hour moving average, poked through for a moment and has generally ranged lower between the 50% and 38.2% retracement levels. A break back above the 50% can lead the pair toward the 200 hour moving average and 61.8% level.

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