The AUDUSD is stretching to a new high and in the process has moved above the 100 and 200 bar MAs on the 4-hour chart between 0.64983 and 0.6509. That is now close support for traders.
The price is testing a swing area between 0.6514 and 0.6518 at the highs and need to break above that area to give the buyers more confidence. A move above that level would then target the 100 day moving average at 0.65325.
The video above outlines the levels in play and explains the risk and the targets.
