AUD/USD chart - Trading View
AUD/USD was trading largely unchanged on the day at 0.7740 at around 04:40 GMT.
Price action remains capped inside the daily cloud, intraday bias remains neutral.
The Australian dollar remains under pressure on reports that China is mulling price controls on coal prices.
Also, mixed China inflation data has little impact. Data released earlier today showed China’s headline Consumer Price Index (CPI) eased to 1.3% YoY, missing expectations at 1.6%.
On the other side, China Producer Price Index (PPI) jumped the highest since 2008 while marking a 9.0% rally versus 8.5% expected.
Earlier in the day, Australia’s Westpac Consumer Confidence for June dropped below -4.8% previous readouts to -5.2%.
Technical bias for the pair remains neutral. The pair grinds sideways along 200H MA support.
The pair remains capped inside daily cloud. Decisive breakout of cloud will provide a clear directional bias.
Markets trade with a cautious sentiment ahead of the key U.S. data later on Thursday. Focus today on market sentiment for fresh impulse amid a light calendar.


JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ CNY remains soft ahead of Fed decision 



