AUDUSD moves toward the 100 day MA at 0.9070

The AUDUSD is moving up toward the 100 day MA as oil and commodities increase and stocks increase. Copper futures are up 5.90. Gold is up 19.63. Oip is up 1.88.
The RBA raised rates yesterday to 4% and are moving closer to the the 4.5% rate which is neutral rate the bank is moving toward. The AUDUSD initially but turned around and has rallied for most of the NY session. Look for sellers against the 100 day MA as profit takers enter. A break, however, should see increased upside momentum.
On the downside support comes in at the 0.9032 level. Other support comes in at the 90.15-19 area.





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