The AUDUSD has continued to incrementally add value and it is testing short- and mid-term highs in the midst of the holiday season.
The AUD/USD has been able to sustain its highs above the 0.72000 level for a few days of trading in a row.
As of this writing, the AUD/USD is trading near the 0.72400 level and this ratio is bouncing along highs seen on the 23of December, but also importantly the value is within sight of higher marks demonstrated on the 22of December the AUD/USD approached the 0.70000 juncture below which was last sincerely challenged in November of 2020. And in July of 2020 the AUD/USD after suffering a bearish trend due to economic implications surrounding coronavirus, was able to puncture the 0.
Because of the holiday trading season, traders should be careful about sudden spurts of volatility occurring which can knock open positions out of the market with losses.
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