Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

AUDUSD Pushes Higher

The AUDUSD moved higher again today and we can see some pretty bullish signs in this market starting to add up. Note the 8 / 21 daily EMAs have recently crossed higher reflecting the bullish momentum and we can also see a pattern of higher highs / higher lows starting to emerge on this daily chart. The market will need to close above the key resistance up near 0.9320 - 0.9340 to really have a chance at kicking off a larger up trend, but as for now, the momentum seems bullish and we can look for buy signals on a retrace back to dynamic EMA or horizontal support.

1378773607- clip- 20kb