Chart - Courtesy Trading View
AUD/USD was trading 0.30% higher on the day at 0.7167 at around 05:00 GMT.
The pair is extending gains for the 3rd straight session, outlook is turning bullish.
Price action has shown a break above 21-EMA which was capping upside from many sessions.
The Australian dollar buoyed on expectations of a hawkish stance from the RBA.
Markets have moved to price in more moves by the RBA, with the first move to 0.25% is implied by June. Further increases to 2.5% are priced in by July 2023.
Yields on Aussie 10-years have surged 25 basis points in four sessions to hit 2.10%, and briefly reached their highest since March 2019 at 2.157%.
Technical indicators are turning bullish. Price action has retraced brief dip below 200H MA. Break above 21-EMA has reinforced upside bias.
Focus on the US CPI data scheduled later this week for further impetus. Bullish continuation will see test of 110-EMA at 0.7245.


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



