AUD/USD is at the highs of the day, jumping to 0.9376 compared to 0.9358 at the start of US trading. The rally today erases a decline on Thursday as the market awaits the CPI report later.
There is talk of EUR/AUD sales fueling the move and the rally in stocks is helping (S&P 500 +8 points). Offers start at 0.9380 with more at Thursday’s high at 0.9391 with some stops above 0.9400.
In the next week or so the 55-day moving average is likely to cross above the 200-day for the first time in more than a year.
AUD/USD daily
