Bullish Momentum: AUDUSD holds above key moving averages ...Middle East

Today, the AUDUSD has moved up from a swing area support between 0.6445 and a 0.6455 (see red numbered circles on the chart below). The subsequent move to the upside took the price back above its 100-day moving average of 0.64874 (blue overlay line on the chart below). That moving average is – and remains – a key barometer for both buyers and sellers. Staying above that moving average is more bullish. Moving back below there and is likely disappointment on the inability to once again stay above that key moving average level.What would give the buyers even more confidence going forward is a move back above the 38.2% retracement of the move down from the July high to the October low. That retr

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