AUDUSD Surges Past 100-Day MA, Targets New Highs Today

BREAKING: The AUDUSD currency pair is experiencing a significant surge, breaking through the critical 100-day moving average at 0.65316 and reaching new daily highs. This upward movement has cleared the previous weekly ceiling, which was set at yesterday’s high, and is pushing traders to seek higher targets.

As of now, the AUDUSD has moved past the 0.6540 mark, which was identified as an important resistance level. Buyers are now eyeing the next significant targets at 0.6551, followed closely by a swing area between 0.6561 and 0.6564. The current support levels stand at 0.6540 and the 100-day MA. A drop below these levels would likely dampen bullish sentiment among traders.

In another development, the USDCAD is also facing fluctuations, slicing through short-term swing areas. The price has dipped below the expected support range of 1.3968 to 1.3975, reaching a low of 1.3939. This movement indicates potential shifts in trading strategies as the market adapts to current conditions.

Traders are advised to remain vigilant, as the volatility in both AUDUSD and USDCAD could lead to rapid changes in market dynamics. The immediate focus is on how these currency pairs will perform against their respective moving averages and resistance levels in the hours ahead.

Stay tuned for further updates as this situation develops, and be prepared for potential market shifts that could impact trading strategies globally.