AUD/USD trading just below Friday's 0.7160 close in early trading

It gained 0.86% on Friday and posted a weekly gain of 1.53%

Improving risk appetite is underpinning AUD against the JPY and USD

China opening up and hopes US inflation has peaked behind risk rally nL1N2XL05KnL2N2XJ22U

AUD/USD close above 38.2 fibo at 0.7146 is bullish for short-term

The next level of resistance is at 100-day MA at 0.7231

AUD/USD trending higher with 5, 10 and 21-day MAs in a bullish alignment

Support is at the 10-day MA at 0.7080 and break eases upward momentum

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