AUDUSD buyers are making a play. What would keep the buyers in control now?

<p>The AUDUSD buyers are making a play with a break to the highest level since October 12 and above the high from last week at 0.6400 and high from yesterday near that level. </p><p>Technically, staying above 0.6400 now is the best case scenario for the buyers. On the top side, the 61.8% retracement of the move down from the end of September high comes in at 0.64124, and above that, a swing area between 0.6425 and 0.6435 would be the next target to increase a bullish bias.</p><p>What would hurt the break and disappoint the buyers who are looking for increased momentum higher?</p><p>Watch the 1.2379 – 1.2387 swing area for close support. For buyers looking for more upside, staying above that area would be the "line in the sand" on a corrective move. Also within that area is a 50% midpoint of the range since the September 29 high. </p><p>Buyers are making a play. Can they keep the momentum going?</p>

This article was written by Greg Michalowski at www.forexlive.com.