Watching the triple top in the AUDUSD at the 0.9007 level. A break above should lead to a surge higher with 0.9030 area the next target. The high from last week at 0.9070 becomes another target within site.
On the downside, the price bounced off the 50% of the consolidative range at the 0.8935 level earlier. This is positive and the price is above the 200 hour MA at the 0.8951 level (green line) which is also a positive development today.
As a result, if the 0.9007 level holds, look for buyers against a dip to 0.8966. If the price can base off of that level, a move higher is likely.
