AUD/USD, Aussie on the run!
Aussie is breaking resistances one by one and marching forward up strongly in the last two days. If the bulls remain so strong, next target is 0.7300 > 0.7370. Last time, when the Aussie close the day above daily MA100 was June 18., but it didnt’t last long. Could this time daily MA100 provide a solid support on the way back? It’s possible. Sure, closing the day/week above 0.7200 is the first step, after wich the buyers could form a new barrier there in the up coming days. Nice move from the buyers here, despite US dollar strenght today. I was following the pair in this week closely and hope that I have pointed at some important intra-day levels.