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Chart - Courtesy Trading View
AUD/USD was trading 0.48% higher on the day at 0.6729 at around 05:00 GMT.
The pair has snapped at two-day downtrend and has bounced off 110-EMA support.
Aussie bulls cheer the Reserve Bank of Australia's (RBA) hawkish rate hike, support the pair higher.
The RBA matched market forecasts and announced a 25 basis points (bps) rate hike, taking the Official Cash Rate (OCR) to 3.10%.
In addition to the rate hike, hawkish comments from the RBA Rate Statement also supported the antipodean.
This is the third consecutive rate hike and the RBA board said it expects further lifts in the key rates, underpinning bullish bias.
Price action is above cloud and holds 110-EMA support. The pair has slipped below 200H MA, retrace above could see more gains.
