Forex Flash: AUD/USD sights now on the mid 1.05 area - TD Securities
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AUD/USD
FXstreet.com (San Francisco) - After breaking 1.0360 key level and breaking above the 1.0400, the AUDUSD has reached 1.0440 as fresh highest level since April 30. Currently the Aussie is holding above 1.0400 against the US Dollar and rising 0.53% so far today.
"The AUD ignored a weak business survey overnight and continued to extend its persistent grind higher," comments the TD Securities team. "Reports of solid corporate AUD demand have been credited with helping the move which, after breaking above the 1.04 level is looking like a breakout."
"That raises the prospects of a further stretch in the near term," TD continues, "with sights now on the mid 1.05 area."
"The AUD ignored a weak business survey overnight and continued to extend its persistent grind higher," comments the TD Securities team. "Reports of solid corporate AUD demand have been credited with helping the move which, after breaking above the 1.04 level is looking like a breakout."
"That raises the prospects of a further stretch in the near term," TD continues, "with sights now on the mid 1.05 area."
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