FX:AUDUSD Australian Dollar/U.S. Dollar
The AUDUSD has been consolidating in recent sessions as the prospects for a move higher driven by the broad US dollar weakness are due to be negated by a decline in the value of risk assets like . The Australian dollar is typically sensitive to moves in and the balance of risks is currently tilted to the upside somewhat. We are seeing a rally in the AUDUSD should the pair be able to break above 0.7685.