AUD/USD opens +0.42% - but well off the intraday high at 0.7661

AUD/USD soared after RBA hawkish pivot and then fell on hawkish Fed comments nL2N2W306MnL2N2W3162

Support at former resistance at 0.7540/55 and test would fill RBA gap

Resistance is at yesterday's 0.7661 high and break targets 76.4 of 0.8007/0.6967 at 0.7761

Short-term trend is higher as 5, 10 & 21-day MAs in a bullish alignment

A break below 10-day MA at 0.7522 would suggest weak momentum and top forming

For more click on FXBUZ