We’ve seen the AUDUSD come to life this recently on the daily chart as the market broke back above a resistance level and consistently traded on the bullish side of the mean value. The market momentum is looking very bullish here as the mean value holds as dynamic support.
Momentum has stalled this week as an overhanging resistance level contains price from moving higher. Last session the market printed and Indecision Candle on the daily chart which is supported by the mean value. If the market manages to break the highs of the Indecision day there is a good chance we will see an upward breakout as prices are driven into new highs.