• AUD/USD rallied to a high of 0.7709, beating the (18th March high) of 0.7680.
   
• Data released earlier today showed Australian private sector credit for February +0.6% m/m vs +0.5%expected. 
   
• We also had the Australian HIA New Home Sales for February at -5.3% vs prior +3.1%.
   
• Aussie showed little reaction to the HIA and also private credit data. Thinner month end, quarter end trading seen.
   
• Downside sees strong support at 0.7625, breaks below could see test of 0.76 levels.
   
• On the flipside resistance are located at 0.7680 (Mar 18 highs) and then at 0.7709 (Mar 30th highs).
   
• Technicals on the weekly charts support further upside, gains till 0.7740 likely. We would recommend using dips for going long. Weakness only below 0.7570.