AUD/USD Moves Up, Australian Trade Balance Improves

AUD/USD is trading at 0.7727, up 0.0058. The pair is trading at the high of the session. Chatter about Australian economic data and global money flows is making the rounds. Australia's Bureau of Statistics reported a seasonally adjusted trade deficit of A$2.4 billion during July versus a deficit of A$ 3.25 billion in June. Exports rose 3 percent versus a rise of 1 percent in June and imports were flat versus a 2 percent rise in June. Some chatter about sellers near 0.7760 and buyers near 0.7675 is starting to show up.