Daily Forex Update: AUD/USD

The AUD/USD rallied from 0.8911 to the current level of 0.9107 by the end of Wednesday’s session. This steep ascent was the result of the Australian Dollar’s strength versus a very weak U.S. Dollar as U.S. equities rallied throughout the trading day.The Triangle breakout from 0.9020 pushed the AUD/USD higher towards prior resistance at 0.9080; [...]