The AUDUSD has reversed again larger with the general USD promoting after the weaker ISM companies knowledge and the ambiguous US jobs report. The transfer larger has now taken the worth again above the shut from yesterday at 0.6706. An in depth above would snap a 5-day dropping streak within the pair which noticed the worth transfer beneath the 61.8% of the December buying and selling vary at 0.66567. The 50% of the December vary is at 0.66975 and buying and selling above that can also be a shift to extra constructive.
What continues to be not so bullish within the brief/medium time period, is that the worth rise stalled forward of the falling 100-hour MA at 0.67496. The excessive worth reached 0.67473.
So consumers and sellers are again in play and there’s something that consumers and sellers can “believe” in. That’s good and unhealthy. The great is the degrees to interrupt for consumers and sellers are identified. The unhealthy is the consumers or sellers may nonetheless win. The battle is on. Search for the subsequent break.
AUDUSD rises to 100 hour MA and stalls. Watch 0.6706 beneath.
