AUDUSD tests midpoint of the range since the 2021 high

The AUDUSD is stretching to a brand new session excessive and within the course of is testing the 50% midpoint of the buying and selling vary for the reason that February 2021 excessive (to the January 2022 low). That midpoint stage is available in at 0.74867. The worth excessive simply reached 0.74855.

Transfer above that midpoint stage and merchants will subsequent goal swing stage between 0.75315 and 0.75602 (see pink numbered circles and yellow space).

If sellers leaned towards the 50% stage, a transfer again under 0.7425 to 0.7442 could be wanted to provide them extra consolation (see inexperienced numbered circles and yellow space).