AUD/USD was one of the notable beneficiaries from the latest round of USD "Dollar whacking" with the currency surging to as high as 1.0566, notes David Scutt, currency strategist at Arab Bank. The pair is at 1.0544 early in New Zealand. "While it will be prone to profit taking given its breakneck rally, it now appears almost certain the August high of 1.0615 will go, potentially as early as this evening," Scutt says. Shorter term, "support is found ahead of 1.0500 with resistance kicking in at the overnight high of 1.0566."
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