The AUD/USD pair closed above the 50-week moving average at 0.7382 to set up a potential test of the year-to-date high at 0.7441 this week, analysts at OCBC Bank report.

Aussie is shaking off the jitters in China at the moment

“AUD/USD closed the week above the 50-week MA (0.7378) and the 0.74 resistance, creating a positive technical setup this week. The year-to-date high (0.7441) is in sight.” 

“AUD is shaking off the jitters in China at the moment.”