Run higher continues
The AUDUSD is continuing its run higher after basing at the 200 hour MA (at the day's low) and also basing on a correction against a swing area at 0.7128-31 (see yellow area).
The price is now testing the high from March at 0 71677. A move above, will have traders looking towar the 200 day MA at 0.71978 (see daily chart below). A trend line is also at the level. That area (near 0.7200) would be a key level for the bulls and the bears. Move above tilts the bias more to the upside. Stay below keeps sellers in play.
