Increased Appetite for Risk Sets Up AUD USD for Test of .7928

Increased trader appetite for more risky assets helped get the AUD USDback on track to test a major 50% retracement price at .7928.

Increased trader appetite for more risky assets helped get the AUD USD back on track to test a major 50% retracement price at .7928.

Depending on how the momentum is following a test of this level, a test of this level may either trigger a technical bounce down or launch an acceleration to the next resistance level at .8382.

Expectations of a global economic recovery are helping to encourage the buying of higher yielding assets.

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