US stocks open higher. Gold higher. Trades above 38.2% and at highest level since March 8th
The AUDUSD is trading to new session highs.
Technically, the pair is moving away from the 38.2% of the move down from the Feb 23rd high. Yesterday, at the lows the pair held support against the 100 hour MA. Although we have traded above and below the 200 hour MA at 0.75609 over the last few days, the dip below in the Asian session did not go too far. There are just more buyers, with little corrective action.