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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
 

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January 21 03:00 UTC Released

THBased Trade Data

Actual

1.06 1.76

Forecast

-1.1 1.76

Previous

-1.18 1.76

January 21 03:00 UTC Released

THBased Import Data

Actual

-8.15 13.7

Forecast

3.87 13.7

Previous

14.66 13.7

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 523348523348m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 523348523348m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511528511528m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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