A close above the 200 week MA would be the first since September 2012
The AUDNZD moved above the 200 week MA this week at the 1.0855 level. If the pair closes above that MA level on Friday, it would be the 1st close above that MA line since September 2012. That is a long time ago. It would also be more bullish.
Looking at the hourly chart, the pair trended higher into Wednesday this week (when it peaked at 1.09248). The price has wandered down to test the 200 week MA at 1.0855 today (the low reached 1.0858). The price is trading at 1.08800 now. The 100 hour MA is also a level to stay above to keep the bulls in control. It is currently at 1.0862.
SO the buyers remain in control and a key weekly MA will be eyed as we head into the end of the trading week.
