AUD/USD Price Analysis: Bulls have the upper hand near 0.6430-35 area, over three-week high

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• AUD/USD gains traction for the second straight day and climbs to over a three-week top.
• The post-FOMC USD selling bias turns out to be a key factor behind the ongoing move up.
• A move beyond the 50-day SMA and the 23.6% Fibo. supports prospects for further gains.

The AUD/USD pair builds on the previous day’s strong move up and gains some follow-through positive traction for the second successive day on Thursday. The momentum is fueled by the post-FOMC US Dollar (USD) weakness and lifts spot prices to the 0.6435 area or a three-week top during the Asian session.