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FxWirePro: AUD/USD extends sideways at 21-EMA support, US GDP data awaited

Chart - Courtesy Trading View 

AUD/USD was trading largely unchanged at 0.7087 at around 08:25 GMT.

The pair is extending sideways grind above 21-EMA support, bias tilted bullish.

Price action is above 200H MA, 5-DMA is biased higher. The pair holds above 20-DMA.

Focus now on US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) numbers for impetus. 

Analysts expect US GDP to stay unchanged at -1.4% on annual basis. US PCE is also expected to remain stable at 7%.

Major Support Levels: 

S1: 0.7079 (21-EMA)

S2: 0.7038 (200H MA)

Major Resistance Levels: 

R1: 0.71

R2: 0.7174 (55-EMA)

Summary: AUD/USD pivotal at 21-EMA support. Break below to drag the pair lower. Focus on US GDP and PCE data for impetus. 

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