AUD/USD has seen a clear break higher out of the triangular consolidation that we highlighted last week. This now opens up a return to 1.0753 over coming sessions.
Elsewhere, the Aussie has weakened against the New Zealand dollar. Near-term price activity has mean reverted back over the 200-day MA and we watch for further setbacks over the multi-day/week horizon.
The Aussie dollar is also pairing back its mild recovery against the Japanese yen, while holding above the neck-line of its two-year distribution pattern.