Aussie strong against Greenback on Wednesday

The Aussie appreciated strongly against the Greenback in the morning session, resulting in a 52-pip jump. This allowed the pair to dash though the 20-, 55– and 100-hour SMAs circa 0.7540 and remain near the upper Bollinger band. Subsequently, worse-than-expected US data resulted in another surge, pushing the pair through the weekly R1 up to the 0.7630 territory. Having appreciated immensely in this session, it is unlikely that the Aussie surpasses the given level. Thus, it might be expected that the currency edges lower, returning near the 20-hour SMA. Nevertheless, the evening calendar is full of important fundamental events from the US that may impact the given pair and introduce substantial changes, especially in smaller time frames.