Encouraged by stronger stocks
The AUDUSD as pushed above trend line resistance and 61.8% Fibonacci resistance at 0.76316 area. The pair has been marching higher and traded at the highest level since October 4th.
Can the gains hold? Can the break lead to higher prices?
As the price goes higher it becomes more difficult. The trading range is about 90 pips (the 22 day average is 67 pips). So market is stretched. MIchigan sentiment due at 10 along with Business inventores
