Seems like a flow move…
The AUDUSD surged higher in the minutes just before the London fixing. The price moved up from a low of 0.7447 to a high of 0.7483. The high stalled just below the high for the day at 0.74847. The 100 and 200 bar MA on the 5-minute chart comes in at 0.7469-70. Will those MA hold on the retracement?