AUD/USD extends recovery from 0.6900, approaching the channel top at 0.7050.

Global markets open the day with a cautiously constructive tone, as Asian equities rally on Japan’s decisive political outcome and China’s liquidity support.

The GBP/USD exchange rate pulled back sharply last week after the Bank of England (BoE) delivered its interest rate decision.

The dollar is starting the week on the soft side, with both pull and push factors at work.

Gold pulled lower after hitting a firm rejection, as traders weigh another test of the psychological 5000 level.