AUDUSD is back testing the ceiling

Technical Analysis

Author: Greg Michalowski | audusd

Intraday support also keeps the track to the upside

The AUDUSD is back up testing the ceiling area in the 0.7128-309 area (see yellow area in the chart below). That area is home to swing highs from last week's trading. 

Intraday support also keeps the track to the upside
As outlined in an earlier post, on the 5-minute intraday chart, the price moved above a channel trend line and corrected down to the underside of the trend line. That line held support and has been a track for the pair to the upside.  Stay above keeps the buyers in full control.

AUDUSD has been tracking the trend line...



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