AUD/USD approaching 0.89 by Milan Cutkovic

  • AUD/USD higher this morning as commodities have bounced a bit
  • Solid offers pre-0.89 reported, but likely to be taken out soon, as well as the stops resting through 0.8905/10
  • Look for a test of intraday resistance at 0.8925
  • No AUD/USD-related event risk until US New Home Sales data at 1500 BST

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