AUD/USD: headed to 0.7630? - BBH

Analysts at Brown Brothers Harriman noted that the Australian dollar snapped a four-day slide ahead of the weekend. 

Key Quotes:

"It now looks poised to have a running start at the $0.7630 area that blocked it earlier this month."

"Speculative positioning is neutral, but the technical resistance near $0.7700 is formidable.  Raising hedge ratios into the rally may be preferable to increase exposure."