AUD/USD: Further gains looking likely by Sean Lee

  • Iron ore price recovery continues to maintain momentum;
  • Gold price jumps sharply overnight;
  • AUD/USD closes above previous resistance at .7840;
  • AUD/NZD consolidating above recent pivot at 1.0220.

I’d suggest a bullish intraday bias with support now at .7820 and the next topside technical targets at the 100-dma (.7884) and the neckline of developing double bottom, which is at .7940.

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