Technical Analysis

AUD/USD climbs to eight-day high

AUD/USD hits stops

AUD/USD is telling a different story than US equity markets with the pair rising to an 8-day high as the critical zone of support around 0.7000 continues to be a springboard.

The rise above 0.7100 and 0.7110 sparked some buy stops in a climb to the best levels of the day.

Technically it looks good but AUD bulls will want to be cautious later with Q3 Australian CPI due at 0030 GMT.


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