Increased trader appetite for more risky assets helped get the AUD USDback on track to test a major 50% retracement price at .7928.
Increased trader appetite for more risky assets helped get the AUD USD back on track to test a major 50% retracement price at .7928.
Depending on how the momentum is following a test of this level, a test of this level may either trigger a technical bounce down or launch an acceleration to the next resistance level at .8382.
Expectations of a global economic recovery are helping to encourage the buying of higher yielding assets.
