Also above the 38.2% retracement.
The AUDUSD has broken above the 200 hour MA and the 38.2% retracement after using the area as a cap over the last few hours of trading.
The next target comes in at the 0.7567 area. That area was the highs from last week. A move above that and the 50% comes in at 0.75865 level.
Note on Friday, the pair moved down to put a hard test of the 100 day MA (blue step line in the chart above). That hold and the move above the close by 100 hour MA today (at 0.74924 level currently) helped tip the buyers and they took the price higher from there.
