AUD/USD is rallying, thanks to positive dynamics in stock markets ahead of the release of the minutes of the Fed's May meeting. The report may hint how far the central bank can go in the process of raising interest rates.
technical picture:
The quote is above the middle line of the Bollinger indicator, above the SMA 5 and SMA 14. The relative strength index (RSI) is above 50% and is rising slightly, while the stochastic indicator is in the overbought zone.
Possible dynamics:
An increase and consolidation above 0.7130 is likely to prompt a local jump to 0.7225.
