AUD/USD marches higher…

Author: Pete Jackson | Category: News

Strong AUD/JPY demand continues to lift this pair  with the cross recently hitting fresh 4yr 4mth highs at 93.29.

AUD/USD ‘s now targeting the Dec 12 high of 1.0585 with offers just above into 1.0600 (possible barrier).  A break there  opens up to 14 Sept high of 1.0625  and 1.0670 (March 8 high). Bids now lie down at 1.0500/10 and run down to 1.0480. Some sell stops are reported just under there.

EUR/AUD has also helped the cause, slipping back under the 200 day MA at  1.2407  to 1.2357 after highs in Asia of  1.2437