AUDUSD looking bullish above 0.7685
The AUDUSD has been consolidating in recent sessions as the prospects for a move higher driven by the broad US dollar weakness are due to be negated by a decline in the value of risk assets like stocks. The Australian dollar is typically sensitive to moves in commodities and the balance of risks is currently tilted to the upside somewhat. We are seeing a rally in the AUDUSD should the pair be able to break above 0.7685.
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