AUDUSD moves higher on dollar selling. Retraces to 50% of last move lower. - ConsultFX

AUDUSD moves higher on dollar selling. Retraces to 50% of last move lower.

50% at 0.70632 The AUDUSD risk-off flows seen earlier are dissipating and be replaced by lower USD sentiment. Technically,the pair has moved above broken levels and that is contributing to a squeeze higher.