AUDUSD has re-established it's upward momentum from dropping towards support at 0.754 at the time of our last piece of analysis on the currency pair. We see further upside and prices challenging yearly highs above 0.8 as we expect no major shift from the FED policy in tomorrow's press conference of keeping rates low and continuing QE for the foreseeable future. This is despite rising inflation as illustrated by lumber prices reaching an all time high of around $1400 on Monday as we also await US GDP data on Friday which could lead to significant price action.