The AUDUSD moved higher yesterday and continued that extension into today's trading. However, once the price reached the falling 100 hour MA, the buyers turned to sellers and the the price started to back off.
US stocks moving lower (Nasdaq is now down -241 points or 1.0%) has more risk-off trading in play and that is pushiing the pair down further.
The video above explains the roadmap and the now downside targeted levels.
