AUD/USD chart - Trading View
AUD/USD was trading 0.68% higher on the day at 0.6437 at around 04:30 GMT.
The pair is extending gains for the 4th straight session and has hit 9-day high at 0.6439.
Aussie bulls largely unfazed by downbeat China’s Industrial Profits data, remains buoyed amid risk reset across markets.
Data published by China’s National Bureau of Statistics (NBS) showed on Monday that profits earnt by China’s industrial firms in March plummeted 34.9% YoY to 370.668 billion yuan.
The January to March month industrial profits also plunged by 36.7% YoY. Liabilities at industrial firms rose 5.4% on year at end-March, versus a 5.3% increase as of end-February.
AUD/USD grinds higher as bulls cheer upbeat sentiment concerning the ease of lockdown in Australia.
Key catalysts for AUD/USD during the week are as follows:
Today's Dallas Fed Manufacturing Business Index for April, Tuesday's U.S. Consumer Confidence, Wednesday’s U.S. FOMC, GDP and Aussie CPI, Thursday’s Chinese official PMI data and U.S. jobless claims and Friday's U.S. ISM Manufacturing PMI.
Major Support Levels:
S1: 0.6362 (55-EMA)
S2: 0.63 (21-EMA)
S3: 0.6270 (20-DMA)
Major Resistance Levels:
R1: 0.6455 (61.8% Fib)
R2: 0.6505 (110-EMA)
R3: 0.6573 (50-DMA)
Guidance: Good to go long on dips around 0.6425/35, SL: 0.6360, TP: 0.65/ 0.6570


EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
Wall Street Analysts Weigh in on Latest NFP Data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: USD/CAD downside pressure builds, key support level in focus
China's Refining Industry Faces Major Shakeup Amid Challenges
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
US Gas Market Poised for Supercycle: Bernstein Analysts 



