AUDUSD runs higher, extending above the recent ceiling area. What next?
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.
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.
