AUDUSD bulls are back following the firm finish to last week's session. Friday's strong rally has confirmed a clear break of the former resistance at 0.7276, Aug 19 high. The breach also confirms a resumption of the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. Attention remains on 0.7403, the Monday high. On the downside, key trend support lies at 0.7136, Aug 20 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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