The ups and downs in the AUDUSD continued in trading today. The low in the Asian session found support buyers against the 38.2% retracement of the move-up from the December 10 low. That retracement level came in at 0.6555. The low price reached 0.6659.The subsequent move to the upside took the price above its 100-hour moving average and 200-day moving average near 0.6574. That move opened the upside potential. The price did spike above the higher 200-hour moving average at 0.65916 soon after the CPI data today. However, that break was quickly reversed. The price quickly extended back below the 100-hour moving average and 200-day moving average – tilting the bias more to the downside again. S
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