The Australian Dollar (AUD) the 5th day of rally has seen a staggering recovery for the risk sensitive Australian dollar. AUD/USD tested parity overnight trading above the key 1.0000 level before easing back into the close. AUD/JPY is one way action with very shallow pullbacks as the advance continues. The 5 day rally is nearing overbought levels as only last Tuesday the pair was trading at 0.9400.
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