The AUDUSD buyers are making a play with a break to the highest degree since October 12 and above the excessive from final week at 0.6400 and excessive from yesterday close to that degree.
Technically, staying above 0.6400 now’s the finest case situation for the buyers. On the prime aspect, the 61.8% retracement of the transfer down from the finish of September excessive comes in at 0.64124, and above that, a swing space between 0.6425 and 0.6435 would be the subsequent goal to extend a bullish bias.
What would damage the break and disappoint the buyers who are in search of elevated momentum larger?
Watch the 1.2379 – 1.2387 swing space for shut assist. For buyers in search of extra upside, staying above that space would be the “line in the sand” on a corrective transfer. Also inside that space is a 50% midpoint of the vary since the September 29 excessive.
Buyers are making a play. Can they keep the momentum going?
The post AUDUSD buyers are making a play. What would keep the buyers in control now? appeared first on FOREX IN WORLD.
