AUD/USD's overnight dip was very shallow, buyers emerged & pair turned +ve

Pair's consolidation phase completed & the 38.2% Fib of 0.7661-0.6829 broke

16-session high hit before AUD/USD pulled back toward old resistance

Rising daily, monthly RSIs imply upside momentum remains intact

10-DMA cross above the 21-DMA, monthly bull hammer reinforce bullish signs

AUD/USD longs now target key resistance in the 0.7245/75 zone

50% Fib of 0.7661-0.6829, May 5 high, 55- & 200-DMAs sit in that area

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