AUD/USD opened 0.34% higher at 0.7704 on the back of buoyant risk assets

After trading at 0.7702 - it tracked higher for the rest of the morning

Solid NAB business survey helped underpin the price action nS9N2J2008

AUD/USD broke the 61.8 of the 0.7819/0.7564 at 0.7722 to a high at 0.7728

Heading into the afternoon it was trading around 0.7725

Support is at the 21-day MA at 0.7695 and 10-day MA at 0.7653

The next resistance level is at the Jan 27 high at 0.7764

AUD/USD will benefit from USD weakness while equities and commodities move higher

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