New highs are being made, continuing the trend today.
The AUDUSD is making another play to the upside The pair is printing new day highs and trying to move away from it’s 100 hour MA at 0.7634. The move is a retracement of the Thursday/ Friday move lower yesterday (got to the 38.2% of that move at 0.76429). Yesterday, the pair did a lap with a move higher first, followed by a near equal move lower. Today, is more up so far. The next target is the 0.7660 area where the 50% and the lows from October 18 and 19 are found. A move above that and 0.7677 will be eyed.