AUD/USD opens +0.95% after AUD/JPY soared 2.0% higher on heavy buying

FX market in full blown risk-on mode with carry trade demand high

Investors jumping back into high-beta equities and bitcoin nL2N2VP2RYnL3N2VP277

AUD/USD broke above trendline resistance @ 0.7422 and March 7 high @ 0.7440

Next resistance is at 50% of 0.8007/0.6967 move at 0.7487

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

Support is at the 10-day MA at 0.7345 and break would ease upward pressure

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