The AUDUSD pushed to the upside at the moment after greater than anticipated CPI knowledge, put the kabosh on a charge reduce quickly. Nevertheless, after working towards the 200-day MA and 200 bar MA on the 4-hour chart close to 0.6330, the patrons turned to sellers and has corrected the positive aspects.
The following fall has taken the value down towards a swing space between 0.64769 and 0.64864. The low worth stalled simply forward of the excessive of that swing space. If that stage can maintain help, and the value can get again above its 50% midpoint of the April buying and selling vary and 100-bar shifting common on the 4-hour chart at 0.6521, the patrons can resume their run to – and probably by means of – the 200 day shifting common.
The above video outlines the important thing ranges and explains the dangers and the targets going ahead.
