AUDUSD Technical Analysis
AUDUSD is trying for second time to break above the 0.7500 on the day. The pair moved above that level in the morning session but could not sustain the momentum. The pair peak at 0.7513. The high just printed 0.7523. The 200 bar MA on the 4-hour chart is up ahead at 0.75173.
The price of the AUDUSD has not traded above this MA since November 10th. The 50 and 100 hour Moving Averages are crossing at 0.7472 an area where buyers are stepping in. Keep in mind that in December the pair is moving in only 100 pips narrow trading range and sooner or later will have a big move.