AUD/USD chart - Trading View
AUD/USD was trading 0.26% higher on the day at 0.7647 at around 06:00 GMT after closing largely unchanged in the previous session.
The pair is struggling at daily cloud and decisive break above is required for upside continuation.
Coronavirus (COVID-19) resurgence in Brisbane and the following lockdown exert downside pressure on the Aussie.
Former RBA board member John Edwards suggests more bond buying, AU-US bond moves suggest further weakness for AUD/USD.
On the data front, Australia’s weekly consumer confidence grew past 110.4 prior to 112.3, according to the ANZ/Roy Morgan survey.
Technical indicators are neutral. 110-EMA is strong support while daily cloud caps upside. Breakout on either side will provide clear directional bias.
Pre-NFP trading lull to continue. Risk catalysts will keep the driver’s seat amid light data calendar ahead of Friday’s US NFP.
