AUD/USD moving higher and is trading above yesterday's 0.7040 high

Asian equity markets rallying after strong lead from Wall Street

The AXJ index is up 0.54% while the Nikkei is up around 1.35%

AUD/USD resistance is at the 21-day MA at 0.7091 where sellers are tipped

A break above 0.7100 would confirm a short-term bottom is in place

The 5, 10 & 21-day MAs still in bearish alignment, but 5-day turning higher

Aus wage price index to be released shortly and will impact RBA expectations

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