- AUD/USD takes the bids to refresh two-week high during five-day uptrend.
- RBA SoMP defends hawkish surprise by citing inflation woes; Fed’s dovish rate hike adds strength to Aussie pair’s run-up.
- Clear upside break of multi-day-old resistance line, now support, defends pair buyers.
- US employment report for April bears downbeat forecast, can please pair buyers on matching expectations.
AUD/USD pierces an 11-week-old resistance line amid broad US Dollar weakness, as well as due to the hawkish signals from the Reserve Bank of Australia (RBA), during early Friday. In doing so, the Aussie pair rises to a fresh high in two weeks, around 0.6735 by the press time, as market players await the key US jobs report for April.
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