FxWirePro: AUD/USD holds cloud support, intraday bias neutral

AUD/USD chart on Trading View used for analysis

• AUD/USD extends range trade along daily cloud, bias remains neutral.
   
• The pair was rejected at 55-EMA at 0.7227, decisive break above could see some upside.
   
• On the flipside, daily cloud offers strong support. Any weakness only on break below.
   
• Positive comments from Trump has boosted risk assets and helping the antipodeans higher.
   
• Trump said that he would intervene in the Huawei CFO case if it would help him reach a trade deal with China and boost national security. 
   
• He said that negotiations are happening and expressed readiness to meet President Xi Jinping again if required.
   
• Technical studies are neutral, break above 55-EMA or below daily cloud will provide clear direction.

Support levels - 0.7192 (cloud top), 0.7161 (Lower BB), 0.7140 (cloud base)

Resistance levels - 0.7227 (55-EMA), 0.7261 (20-DMA), 0.7273 (110-EMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.