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- AUD/USD grinds higher to extend past 0.7275, post FOMC minutes induced spike
- The pair hit session highs at 0.7288, underlying momentum is bullish, but strong resistance looms in the 0.7280/0.7300 region
- A close above 0.7275 for the Aussie this week could open the door for a test of the 0.7350 level
- Bulls are in charge, RSIs remain biased up with no divergence, but remain at oversold which requires some caution
- Markets shall be keeping a close eye on employment data due on Thursday next week for further cues on the economy
R1: 0.7310 (Aug 24 high)
R2: 0.7359 (Aug 21 high)
R3: 0.7375 (could base)
Support Levels:
S1: 0.7247 (Session low)
S2: 0.7200 (55 EMA)
S3: 0.7178 (cloud top)
