Above 100 day MA
The AUDUSD trades to the highest level since February 6th and in the process moved above the high from yesterday and the 100 day MA at 0.71608. Yesterday, the price stalled at the 100 day MA and bottomed today at the 200 hour MA (green line at 0.7104 area).
Now that the 100 day MA has been broke, what next?
Well, the 50% retracement is at 0.7174 and there is a little pause ahead of that level. A move above the level would have traders looking toward the swing low from February 5th at 0.7193. The 61.8% is at 0.7202.
