• AUD holds constructive during NY trade, +0.2% at 0.7170

• 0.7200 remains the near-term topside objective for bulls

• A break through here would expose the year-to-date high at 0.7277

• US PCE came in a touch firmer than expected, lifts USD and U.S. yields, providing some resistance for AUD/USD

• Uptrend intact with spot holding above the 200-hour MA cluster at 0.7130

• That said, AUD strength is still better expressed via AUD/NZD. Potential for return to 0.7200
AUDUSD hourly chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))