Momentum in the AUD/USD rally slowed on an approach to the 200-period daily moving average last Thursday and a range has formed. The currency pair was weighed by a stronger Dollar at the weekly open but consolidated higher in European trading to limit losses on the day. The turn higher in early European trading came ahead of support at 0.7454 as the pair has reached a low of 0.7458 on the day thus far. The 0.7454 level marks important support from September and held the pair higher on an hourly chart on Friday. The US Dollar index (DXY) gapped higher at the open this week, attributed to a weaker British Pound to ... (full story)