• AUD/USD broke topside 0.6260 resistance overnight trading to high of 0.6296

• U.S. yields lower after softer than expected services PMI (52.8 v 54.0 exp)

• Continuing to press upper hourly Bollinger Band indicating sustained buying

• January high near 0.6330 looks to be next test for AUD bulls

• Focus turns to Australian trade data later today

• Balance on goods 7,000mln expected (prior 7,079mln)

• Overnight AUD range 0.6241-0.6296
AUD

(James Connell is a Reuters market analyst. The views expressed are his own.)