AUD/USD momentum is supportive for attempt higher

On the 4hr AUD/USD chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of AUD/USD rate moving now considerably higher as buyers may get aggressive in the short term.

EUR/USD plummets to 1.1240 on Yellen

A bout of buying interest in the greenback has dragged EUR/USD to fresh lows in the 1.1240/50 band following the speech by Chair J.Yellen. EUR/USD tu
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