The Australian Dollar (AUD) broke above 1.0700 in the Asian session and surged towards 1.0750 on stop losses before consolidating and pulling back to the key level for the rest of the day. AUD/JPY also entered a consolidation phase after moving above Y86 and running into sellers. Overall the AUD/USD traded with a low of 1.0684 and a high of 1.0752 before closing the day at 1.0705 in the New York session.
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