New month highs
The AUSD is trading at new month high, taking out the June 14th high of 0.7635. The high reached 0.76414 so far. That is the highest price since April 3rd.
Looking at the daily chart, the price has moved into the upper range of the years high to low trading range (above 0.7600). In Feb and March, the price traded above the 0.7600 level on two occasions. The highs on those runs made its way to 0.77307 to 0.7755 (see yellow area at the highs in the chart above). The price is still 100 or so pips from that area but holding above the 0.7600 level now, could/should see further upside momentum.
