As the dollar selling moves toward the fixing the AUDUSD runs into some tough resistance levels
As the London month end fixing runs into some dollar selling (and stocks move higher), the AUDUSD is tracking higher and getting closer to some pretty good resistance. The 200 day is currently at 0.72955. A trend line connecting the recent highs on the daily is at 0.7300. KEY, key level. I would expect some stall against the area on the test with stops on a break.
