The 20-day MA comes in today at .8914 (at least according to my Reuters charts) and this technical level has traditionally been one to watch for AUD/USD traders. Above there we have the .8930 level which proved to be excellent resistance for 3 consecutive days last week. A clean break above there might well unleash the next barrage of AUD/USD buying. The hourly chart looks quite bullish so a break higher is favoured in the next few hours and only a break back below .8840 will alleviate the upside pressure.
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