There has been a bit of a divergence in the yields play back in favour of the aussie as of late, which has not been reflected by AUD/USD.
I reckon if the currency pair can chase a move towards the 8 August high of 0.6822 and break above that, we could potentially see a more meaningful breakout potentially back towards 0.7000 if the yields spread allows for it.
I reckon if the currency pair can chase a move towards the 8 August high of 0.6822 and break above that, we could potentially see a more meaningful breakout potentially back towards 0.7000 if the yields spread allows for it.