The AUDUSD has moved sharply higher this week with a gain of 1.44% for the week.Today the pair is up around 0.45%.
The move to the upside is now extended above a swing area going back to the end of July between 0.66247 to 0.6635. That is now a close risk area for the pair. Staying above keeps the buyers in full control - at least in the short term. A move back below could disappoint the additional buyers on the break.
ON the topside, the next target comes in around the 0.6659 level. Above that, and traders will start to look toward the highs reached in September between 0.6688 and 0.6706.
