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AUDUSD Technical Update WC 22nd to October

• A look at the daily timeframe AUDUSD daily timeframe chart below shows the 1.0160 area has once again held as support over recent weeks, after running the stops under the previous swing low at 1.0165.
• Price has now moved as high as the 50% retrace of the previous significant swing lower (from the 1.0620 area range highs) and formed a minor Pin Bar/shooting star on Thursday (less than ideal shape with the small upper shadow).  Despite the less than ideal shape the Pin Bar has seen the market move down close to the 38.2% Fibonacci retrace level.