AUDUSD ups and downs as fundamental news keeps volatility high for the pair. ...Middle East

Earlier this week, Australian CPI for the quarter came in higher than expectations and that helped to push the AUDUSD pair to the upside. The price extended to the 200-day moving average and 200-bar moving average on the 4-hour chart near 0.6530 where sellers leaned. The subsequent move to the downside move the price to a swing area between 0.6475 and 0.6486. The price also wrote below it's 100 bar moving average on the 4-hour chart and 50% midpoint of the April trading range at 0.65028.Today despite Australian and New Zealand the nonholiday, the AUDUSD resumed its upward momentum and took the price safely above its 200 bar moving averages on the top side.Then US inflation became the focus,

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