A move below would turn the bias more negativeBe aware. The AUDUSD is down testing the 100 day MA at 0.7821 level. Also near that level is the 38.2% of the move up from the May swing low at 0.7820. A move below would turn the technical bias more to the downside.
Overall, the USD is trading near high levels for the day.
The USDCAD is soaring. The Canada retail sales data and CPI were lower than expectations. The pair is trading at the highest level since August 31 and targets the 1.2662-72 area (high from August 31 and the 100 day MA (still a ways off with the pair trading at 1.2607). The 1.2630 is a topside trend line on the hourly chart (see chart below).