AUD/USD has continued it shunt higher, as....>

AUSSIE: AUD/USD has continued it shunt higher, as risk assets generally continue

their march in early Asia dealing in a flow driven move, with no headlines

apparent.

- Rate last prints 20 pips or so better off at $0.6915, a few pips back from

best levels, with bulls now looking to $0.6953, the 1.382 projection of the Mar

19-31 rally from the Apr 3 low.

- In the AUD crosses, AUD/JPY sits 35 pips higher on the day at Y75.30, with

bulls looking to the Jan 23 high at Y75.49.

- AUD/NZD a little more sanguine, trading 5 pips or so better off on the day,

with yesterday's high providing the initial point of resistance, after the show

above the 2019 high during Tuesday's session.

- Aussie Q1 GDP data is due today, although that is well and truly in the

rear-view.

- Many are questioning when the RBA will start to lean against the recent rally

in the AUD, which could start to hamper the transmission of monetary policy.