• AUD/USD jumped from around 0.7605 to 0.7697 after RBA stayed on hold
  
  
• Market was pricing in 70% chance of cut so RBA decision a minor surprise
  
  
• Resistance is found at 61.8 of 0.7939/0.7534 move at 0.7785
  
  
• A break above 0.7800 targets the March 24 trend high at 0.793
  
  
• RBA retained dovish bias so extended rallies may be selling opportunities