Aussie jumped about 60 pips overnight, after the release of much better than expected Building Approvals report. This kind of impact is rare for such an event but the market has been waiting for an excuse to start buying into the pair in what seems to be an oversold condition.
The buying stalled just ahead of 200 DMA (0.7250) which remains an immediate resistance. Above that comes 2015 support/resistance line (0.7275) and then 100 DMA (0.7350). 0.7150 - 0.7200 may now hold as a support.
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