FXStreet (Edinburgh) - The Aussie dollar is now picking up pace vs. the greenback, sending AUD/USD to the upper bound of the range beyond the 0.6900 mark. AUD/USD boosted by risk After a brief test of the 0.6840 area in the wake of Chinese GDP results, the pair has sparked a quick correction higher through the 0.6900 critical barrier boosted by a change in sentiment towards the riskier assets. In the meantime, spot has managed to leave the area of multi-year lows and is looking to consolidate the breakout of the 0.6900 handle, amidst an empty docket in Oz and with China always in the cross hairs. On the USD-side, the NAHB index and TIC flows are only due later. AUD/USD key levels At the moment the pair is advancing 0.75% at 0.6913 and a breakout of 0.7050 (high Jan.12) would aim for 0.7088 (20-day sma) and then 0.7156 (55-day sma). On the flip side, the next support is located at 0.6824 (low Jan.15) followed by 0.6283 (monthly low Feb.2009) and finally 0.6245 (monthly low Jan.2009). For more information, read our latest forex news.