Source: Thomson Reuters
- AUD/USD finally breaks key resistance, USD slide & persistent commodity bid aids
- Pair clears 76.4 Fib of 0.7939-0.7534 & runs stops above 0.7850
- March high in play, day highs at 0.7884 & 0.7905 offers resistance before 0.7939
- New trend high hit (0.7870) with very little pullback as yield spreads widen
- Monthly close >0.7939 a bullish engulfing candle, would be more bull fodder
