Chart - Courtesy Trading View
AUD/USD was trading 0.02% higher on the day at 0.7319 at around 05:10 GMT.
The pair has erased early losses and has edged higher from session lows at 0.7287.
Price action has edged above 200-DMA and decisive close above will fuel further gains.
Risk-on market sentiment buoys Aussie. Focus now on US inflation data for further impetus.
In its latest report published on Thursday, Moody’s Investors Services says 'Australia's stabilizing economic recovery will support steady mortgage performance.'
Further, Moody's forecasts 'Australian GDP will grow 3.5% in 2022, which will underpin steady mortgage performance.'
Technical bias for the pair is tilted to the upside. Close above 200-DMA will see upside resumption.
Major Support Levels:
S1: 0.7298 (200H MA)
S2: 0.7249 (21-EMA)
Major Resistance Levels:
R1: 0.7313 (200-DMA)
R2: 0.7375 (Upper BB)
Summary: AUD/USD pivotal at 200-DMA. Decisive close above will fuel further gains.


FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD edges lower, remains on back foot
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 



