• AUD/USD (+0.4%) bulls emboldened by hold of 0.67

• However, the 100HMA (0.6727) has kept a lid on the rebound

• Meanwhile, the upcoming Powell speech (1400GMT) presents a downside risk

• Bar remains high for Powell to out dove the market 0#FEDWATCH

• Should support at 0.67 give way, the 200HMA (0.6677) will come into focus

• Price action likely to be tepid leading up to Powell speech

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