# AUDUSD Retracement Setup (Nov 11, 2014) Source: https://www.tradersway.com/resources/market-info/audusd-retracement-setup-nov-11-2014/ Language: en Updated: 2014-11-11 Description: Explore AUDUSD Retracement Setup (Nov 11, 2014). AUDUSD has. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUDUSD has recently broken below the .8700 major psychological support zone and dipped to the .8550 area before making a pullback. This correction might last until the broken support area and the Fibonacci retracement levels on the 4-hour time frame. The 38.2% level seems to be holding for now, as it lines up with the .8700 broken support. However, a higher pullback could still take place and lead to a test of the simple moving averages, as the 100 and 200 SMA line up with the 61.8% Fib. Stochastic is pointing down, reflecting a pickup in selling momentum. On the other hand, MACD is still moving up, which indicates that there is room for a larger correction. The .8700-.8750 psychological levels might hold as resistance if the downtrend remains intact but a break past these resistance levels could show that a reversal is starting. ![AUDUSD Retracement Setup (Nov 11, 2014)] There are no event risks for this setup as US banks are on holiday today. Earlier today, Australia reported a decline in its NAB business confidence report, as the reading slipped from 5 to 4. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/audusd-retracement-setup-nov-11-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/audusd-retracement-setup-nov-11-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/audusd-retracement-setup-nov-11-2014/", "headline": "AUDUSD Retracement Setup (Nov 11, 2014)", "inLanguage": "en", "datePublished": "2014-11-11T06:27:22+00:00", "dateModified": "2014-11-11T06:27:22+00:00", "articleSection": "Market Info", "description": "Explore AUDUSD Retracement Setup (Nov 11, 2014). AUDUSD has. 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