FxWirePro: AUD/USD consolidates near fresh ten-month highs of 0.7784, Stevens speech awaited

• AUD/USD pair regained momentum and hit fresh 10-month highs at 0.7784 despite dovish RBA minutes.
   
• The central bank of Australia displayed an optimistic view on the economy, while slightly talking down on the AUD level and left more scope for easing in the upcoming months. 
   
• Broad based US dollar weakness also supporting the pair, AUD/USD keeps gains and consolidates near fresh highs. 
   
• Technicals point further gains. RSI is strong at 65 with further room to run, pair is trading well above daily cloud and major moving averages point north.
   
• The pair has broken strong channel top resistance at 0.7770 on the daily charts, close above will see further upside to 0.7800. Next hurdle is located at 07850/66 (June 2015 high/ weekly).
   
• On the flip side, immediate support is located at 0.7718 (5-DMA), 0.77 and then 0.7680 (April 15th lows). 
   
• Markets await US housing data and RBA Stevens speech scheduled later in the day, for further direction on the prices.
   

Recommendation: Good to buy dips around 0.7770/75, SL: 0.7720, TP: 0.78/0.7850