The AUDUSD is breaking to a new high on the day with the price moving away from the 100 day MA at 0.65316 an above the ceiling for the week from yesterday's high and the earlier high for the day near 0.6540. That has given the buyers the go-ahead to push higher iwth 0.6551 and then another swing area at 0.6561 to 0.6564 as the next target above that level.
The close traders risk is now the 0.6540 area and then the 100 day MA. Moving back below those levels would disappoint the buyers on the break(s) higher today.
Meanwhile, the USDCAD is slicing through the swing area where I expected some short-term buying between 1.3968 and 1.3975. The low price as extended to 1.3939. The price is testing the 50% midpoint of the move up from the September swing low. That level comes in at 1.39367.
