- AUD/USD picks up bids to renew intraday high near 0.6730.
- Bulls keep reins inside two-week-old rising wedge, 200-SMA adds to the upside filters.
- Upbeat RSI, sustained trend line breakout keeps buyers hopeful.
- Key SMA confluence puts a short-term floor under Aussie price.
AUD/USD extends the post-Fed run-up towards refreshing the intraday top near 0.6730 amid early Thursday morning in Europe. In doing so, the Aussie pair grinds higher within a two-week-old rising wedge bearish chart formation.
It’s worth noting, however, that the quote’s successful break of the previous key resistance line from early February, around 0.6620 by the press time, joins the upbeat RSI (14) line to keep the AUD/USD pair buyers hopeful.
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