AUD/USD soared 1.23% high Friday following softer than expected US jobs data nL1N3C33EI

US yields continued to tumble to send the USD broadly lower nL1N3C41M5nL1N3C42DH

AUD/USD testing resistance at 0.6505/25 with Friday's high at 0.6518

38.2 of 0.6895/0.6271 at 0.6509; 100-day MA @ 0.6511 and double top @ 0.6522

A break above 0.6525 targets the 50% of the July/Oct fall at 0.6583

AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

Support is at the 55-day MA at 0.6398 and the 10-day MA at 0.6388

The RBA meets Tuesday with economists calling for a 25 bp hike nL4N3C01V2

Market pricing only a 57% chance - if RBA stays on hold AUD/USD likely to lose momentum

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