After weaker than expected US Markit Services PMI, the Dollar is selling-off across the board. The Aussie is one of the pairs that appears to be benefiting the most out of it.

The pair broke April 17th high near 0.7840 and if it manages to hold above there, the next cluster of resistance (Weekly Resistance 1, Daily Resistance 2, 100 DMA, 0.79 level) is not far ahead at 0.7880 - 0.7900. Busting that would open up the door to the March 24 high (0.7835) and then 0.80 level.

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