Trying to pick another fight with whatever's sitting at 0.7530. Will it win this battle?
With 0.7500 giving way much more easily now the focus is on the recent highs at 0.7530
AUDUSD daily
Once again the dip was bought up in the low 0.74's and ahead of 0.7420 whereas the prior drop was bought around 0.7410. That shows where the buyers are protecting those positions.
It's a good battle to watch and the bias still looks like it's up (we're trading 0.7540 as I type), but it's still looking hard work for longs to really get a big kicking move and that keeps the sellers in the game, for now.
