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AUDUSD moves higher on higher commodities/technicals, but...

From technical-analysis.forexlive.com

...runs into floor/ceiling area and 100 hour MA and rotates toward intraday support The AUDUSD is another commodity currency which saw better buying in the NY session. Commodities are higher on the day and technicals have helped contribute. However, the pair has run into some topside resistance which has slowed the rise. Looking at the hourly chart, the move higher based in the New York session near the 0.7000 level. The low in the London morning session came in at 0.6994. Yesterday, the price fell to the lowest level since April 2009 (low extended to 0.69778), but later in the day recovered back above that 0.7000 ... (full story)

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