AUD/USD chart - Trading View
AUD/USD was trading 0.21% lower on the day at 0.7706 at around 05:10 GMT, outlook bearish.
The pair is extending previous session's weakness and has largely ignored a big beat on the Australian Retail Sales data.
Australia’s preliminary Retail Sales for March grew 1.4% month-on-month versus 1.0% expected and -0.8% previous contraction.
Earlier in the day, Australia’s Westpac Leading Index rose past-0.01% month-on-month to 0.38%.
Upbeat data failed to lift aussie as market sentiment remains sluggish amid covid fears. Risk aversion mainly dents the bulls.
Technical indicators are turning bearish after price action was rejected at daily cloud. RSI has turned and Stochs are on verge of bearish rollover from overbought levels.
Major trend in the pair is neutral. However, break below 55-EMA support will open downside.


FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Pair levels and bias summary
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/AUD gains some upside momentum but still bearish
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro:EUR/NZD gains some upside momentum but still bearish 



