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AUD/USD chart on Trading View used for analysis
- AUD/USD extends range trade along daily cloud, bias remains neutral.
- The pair was rejected at 55-EMA at 0.7227, decisive break above could see some upside.
- On the flipside, daily cloud offers strong support. Any weakness only on break below.
- Positive comments from Trump has boosted risk assets and helping the antipodeans higher.
- Trump said that he would intervene in the Huawei CFO case if it would help him reach a trade deal with China and boost national security.
- He said that negotiations are happening and expressed readiness to meet President Xi Jinping again if required.
- Technical studies are neutral, break above 55-EMA or below daily cloud will provide clear direction.
Support levels - 0.7192 (cloud top), 0.7161 (Lower BB), 0.7140 (cloud base)
Resistance levels - 0.7227 (55-EMA), 0.7261 (20-DMA), 0.7273 (110-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
