AUD/USD opened 0.7864 after impressive 1.22% rally on Friday

AUD/JPY demand out of Tokyo underpinned early and AUD/USD rose to 0.7885/90

Fresh AUD/USD and NZD/USD buying flows emerged when Asia went risk-on

The AUD/USD traded up to 0.7908 before running into sellers

Risk rally petered out and AUD/USD slipped below 0.7875 into the afternoon

Support is found at former resistance at 0.7815/20

Psychological resistance is at 0.8000 and sellers layered above 0.7900

Sentiment is bullish as AUD rising in the tails of surging commodities

Aus government bond yields are rising at the same pace as US Treasury yields

The objective of the trend is the 2018 high at 0.8136

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