Senior sources told The Australian Financial Review that while the deal, to be signed in Canberra on Monday, would be “comprehensive” and “landmark”, it would be structured so as to enable additions over the years “as our relationship and our economies evolve”.
The AUDUSD has gotten a boost higher since the headline came out (see story HERE).
The pair is also being helped by a bullish technical break.
The pair moved above the 200 hour MA, 38.2% retracement and high ceiling from yesterday at the 0.8681 area. The 0.8725 is the next target (50 % of the move down from October 29th high).
AUDUSD is also being helped by favorable technicals on the break of the 200 hour MA, 38.2% and ceiling from yesterday.
