AUD/USD breaks 0.71, highest since Sept 1st

By FXStreet FXStreet (Bali) – AUD/USD keeps building up on recent gains as the risk appetite sentiment seen during Friday’s US session extends into Monday’s Asia.

Supply at 0.7110/20 being absorbed

AUD/USD has touched its highest level since Sept 1st at 0.7110, currently extending further, through a level where some supply was expected as the level aligns with the origin of a major sell-off from back on Sept 1st.

AUD/USD: Key levels

A continuation of the bullish momentum should see 0.7120 resistance tested ahead of a more ambitious target at 0.7150. On the downside, the next key levels to watch in Asia are now at 0.7090 ahead of 0.7070.
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Source:: FX Street