AUDUSD is currently rallying around 0.64487. On the Daily Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 0.640
. While we continue to see a sustained move above 0.63965 we expect a surge much Higher with an Ideal Target at 0.63029. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 0.61989
copied from freshforex