0.8999 is as close as we got and that pip might as well be a mile in the current climate for the pair.
We have managed to push through 0.8950/70 area which will be a partial relief to the long suffering bulls but we’ll need to see some sustained strength for fear of it all reversing once more.
The move also stopped on the 200 h4 ma.
AUD/USD h4 chart 10 01 2014
We’ve also pulled up at the early Jan high at the big number so we need to break that for the chance to push higher. We’ve faked out of that short term wedge once so need to keep watch whether this is another move that will pull our pants down.
