Further AUDUSD Upside as Base Forms

The AUDUSD looks well placed to keep rolling higher today. Although it hit overbought levels on the RSI, it has formed a support base at 1.0360 indicating that demand has stepped up and yesterday's move wasn't just a short breakout after 1.0285 resistance was cleared. Also, the trade could see extra short term buying if and when it takes out 1.0400 and triggers short term SL's.

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