AUD/USD hits the best level since early Nov
AUD/USD is a chart to watch as it breaks above the 200-day moving average and above 0.7700.
The pair has bounced nicely from a six-month low of 0.7500 last week and is benefitting from optimism about commodities, China and global growth next year.
Technically, the 200-dma hasn't been a great AUD/USD indicator latterly but if it can also climb above the November high of 0.7730, it would clear the way for a rally to 0.7850.
Update: Our friends @northherofx note that there are $3 billion in options expiring at 0.7700 tomorrow so it could be a bit of a wait before we get the next move.
