Buying the Retrace in AUD/USD at the 100 SMA

AUD/USD has been bullish, especially last week, but today it has retraced lower. The 100 SMA is holding as support though so we bought it.

The pullback is complete now on this chart

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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