What are the AUDUSD technicals telling us at present and into the brand new buying and selling week?

The AUDUSD has had a down and up buying and selling week. The transfer decrease earlier within the week was off of the stronger than anticipated CPI. After discovering help in opposition to a swing space goal, the worth bounced and was pushed larger after the retail gross sales on Thursday. Friday has been an up-and-down day with the 61.8% retracement of the transfer up from the October low on the help at 0.6500 space. Resistance has been on the 100-bar transferring common on the 4-hour chart, and the 100- day transferring common.

These ranges would be the closed help resistance targets that merchants will likely be eyeing at present going ahead. From there the development leaps from goal to focus on outlined by the technicals. On this video, I define these ranges.

Set your self up for subsequent week on this forex pair by watching this video and understanding the bias, danger, and targets.