The dollar hit a 10-week low on Monday as investors heralded Joe Biden's election as U.S. president by buying trade-exposed currencies on expectations that a calmer White House could boost world commerce and that monetary policy will remain easy.
The AUDUSD market is bullish. Last week’s flagging congestion days keeps trade poised for follow through rallies and close over 0.7343 could add pressing moves over 0.7414. Any corrective dips should hold 0.7230 to maintain strong bull trending action. Only a close under .7144 signals a reversing turn.