AUD/USD chart - Trading View
AUD/USD was trading 0.39% higher on the day at 0.7723 at around 02:45 GMT, extending previous session's gains.
The pair is extending gains for the 2nd straight session, finds strong support at 21-EMA.
The People´s Bank of China (PBoC) kept Interest Rate unchanged at policy meeting. Loan Prime Rate setting was unchanged with the 1-year at 3.85% and 5 year at 4.65% as expected.
Further, according to government statistics released earlier this week, China's economy expanded 2.3% yoy in 2020.
Markets focus on Biden’s inauguration speech after Treasury Secretary nominee Yellen called on for bigger fiscal stimulus.
Stimulus hopes keep risk buoyed and support risk assets. AUD/USD remains bid into the European session.
Major trend is bullish. Pullbacks in the pair have held above 21-EMA support raising scope for further upside. Next bull target lies at 0.7836 (88.6% Fib). Weakness only below 21-EMA.


FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



