The AUDUSD moved larger within the early Asian session and within the course of prolonged above the highest of a ceiling space between 0.6500 and 0.65229. The momentum above that stage took the value to a excessive of 0.65625 earlier than stalling over the past 5 hours with that stage as a brand new ceiling.
Consumers are in management above the 0.65229 stage. It might take a transfer again under that stage to present the consumers on the break some concern. Absent {that a} transfer towards the 50% retracement of the transfer down from the July excessive to the October low, can be the following main goal at 0.65824. Above the midpoint stage, is the important thing 200-day shifting common at 0.65914. The worth of the AUDUSD has not traded above its 200-day shifting common since July 31.
AUDUSD breaks above ceiling space. The ceiling is now a ground