Chart - Courtesy Trading View
AUD/USD was trading 0.09% higher on the day at 0.6520 at around 06:40 GMT.
The major has erased RBA-led losses and has edged higher as market sentiment improves.
Earlier in the day, Australian dollar fell after the Reserve Bank of Australia's (RBA) decision to slow the pace of policy tightening.
The RBA raised interest rates by 25 bps to 2.60% against market expectations for a 50 bps rate hike.
In the monetary policy statement, the central bank said that it expects to keep raising interest rates this year as inflation is trending well above the target range.
Risk-on impulse contributes to modest USD weakness, supporting the pair higher. Technical indicators show some upside on the intraday charts.
Price action has edged above 200H MA. 5-DMA has turned and the pair is on track to test 21-EMA at 0.6619.


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major) 



