| Both the EURUSD and GBPUSD are making technical breaks to new highs as European traders exit for the day. |
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AUDUSD bounces off old ceiling (now floor) support and rallies today
2023-11-23
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.
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