Broke higher after US durable goods data today
The AUDUSD has had an up and down day. In the NY session, the price pushed higher after the US durable good came in much lower than expectations. The move took the price above the 200 hour MA (green line in the chart below). That is not something new. On Friday, the price moved above and failed. Later in the day the level held before moving lower into the close.
Today, the price moved above and below the MA line until the break after the data.
What now?
The last two hourly bars are what catches my attention heading into the new trading day. The lows have been finding support against the level. If the price can hold that level, the price can go higher.
It's a trade idea, but if it holds, the sellers can turn to buyers. The buyers can get more excited.
