AUDUSD continued to operate on the front.....>

AUSSIE: AUDUSD continued to operate on the front foot on Wednesday, supported by

the stronger than expected AU GDP release, printing a high of 0.7677 in NY

hours.

- The cross sits near six-week highs at the start of the Asia-Pacific session,

with the AU trade balance providing the most notable domestic risk event on

Thursday, after a busy start to the week in terms of AU economic

releases/central bank decisions.

- The cross deals at 0.7667, and has broken above the 2018 falling resistance

line at 0.7627-0.7618 depending on whether you look at the daily or weekly

chart, and trades pretty much on the base of the previously broken 30 month

support line. The April 23 high (0.7682) provides the next level of upside

interest followed by the April 12 low (0.7735). To the downside, the May 31 high

(0.7593) provides initial support.