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16.02 - AUD/USD bulls catch a breather around one-month high

AUD/USD stays firm near the monthly peak, easing from 0.7790 to 0.7785 off-late, as the Asian begins for Tuesday.

AUDUSD06012021The Aussie pair began the week on a positive note despite holidays in the US and China, not to forget lockdown in Victoria, as market sentiments cheered anticipated nearness to the US coronavirus (COVID-19) stimulus and positive developments concerning the virus vaccines.

Also favoring the mood could be the updates suggesting notable positive impact post-vaccinations. Though, the quote pauses in its uptrend targeting the yearly high ahead of the latest monetary policy meeting minutes of the Reserve Bank of Australia (RBA).

Having breached a downward slopping trend line from January 06, AUD/USD is primed for refreshing the yearly top beyond 0.7820. However, the 0.7800 threshold seems to test the current moves. Any pullback may get seem unimportant before breaking the previous resistance line, at 0.7750 now.

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