AUDUSD runs higher, extending above the recent ceiling area. What next?
globalreutersMay 15, 20241 Mins read The AUDUSD moved above a ceiling area between 0.6635 and 0.66439. Although the price dipped back below that level after the US data today, the price has rebounded higher.
On a topside, is the 61.8% retracement at 0.66759. That is also part of a swing era between 0.6676 and 0.66896. Get above that area opens the door for further upside momentum, taking the pair to new levels.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
Eurozone November flash services PMI 49.2 vs 51.6 expected
Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0...
Poor French and German PMI data keeps ECB 50 bps rate cut in play
Money market pricing is now seeing roughly 35% odds of a 50...
USDJPY Technical Analysis – We continue to range around key levels
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...
Germany November flash manufacturing PMI 43.2 vs 43.0 expected
Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs...
Leave a comment