AUD/USD looks to come up for some air ...Middle East

Right now, the pair has one thing working in its favour for a move higher. But that particular factor is two-fold and so that amplifies the potential for a stronger relief rally in AUD/USD at the moment. Since the drop below 0.6500 in August, the pair has been caught in a downwards channel but is looking to come up for air now after being kept under for over two months:That's a significant technical development and could see buyers extend the push higher today. However, the 0.6500 mark continues to be a limiting factor in terms of impeding the upside momentum. As such, buyers will have to break above that and now the 100-day moving average (red line) at 0.6517 before really convincing of a s

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AUD/USD looks to come up for some air ...Middle East

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