AUDUSD skyrockets, targets key moving average ...Middle East

The AUDUSD is racing to the upside on "risk on" flows (and overall USD selling) after the US CPI data. The pair is currently up 1.54%. That's the largest gain since January 6 (gain of 1.78%).Technically, the pair is back above its May 2023 low at 0.64587. It is moving closer to its falling 100-day moving average of 0.64899. Earlier this month, the price moved above the 100-day moving average on its way to a high of 0.65229. That high tested the swing highs going back to August and early September near 0.65216. Getting above the 100-day moving average and then the November high, should open the door for further upside momentum in the pair. The 50% midpoint of the move down from the June 2023

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