AUDUSD likes the stocks rising. Commodities higher.

Making new session highs

The AUDUSD has joined the GBPUSD (which continues to push higher), the USDCAD (pushing lower), and to a lesser extent the EURUSD (which is finally higher on the day - well don't get too excited about that pair yet) in moving lower against the greenback.

Oil and commodities are higher. Stocks are closing in Europe higher. The S&P is up about 1%. The Nasdaq is lagging at up only 0.65%. Apple earnings come in after the close.

Nevertheless, the AUDUSD pushes to new highs.

Looking at the daily chart the 0.7015-24 area is a key target to get and stay above. The swing lows from November come in that area. Earlier this month, the price fell below that level, and push to a multiyear low at the 0.68398 level. Since the break, the price of the AUDUSD has traded above the 0.7015-24 level on 5 separate days, but has not closed above. The 38.2% retracement of the move down from the end of December high comes in at 0.70177 increasing the areas importance a bit.

Get above and stay above will be what traders will like to see.