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AUD/USD chart - Trading View
AUD/USD was trading 0.40% lower on the day at 0.6438 at around 04:10 GMT.
A resurgent US dollar demand across the board and cautious market sentiment keep the pair subdued.
The pair has paused four straight sessions of upside at 61.8% Fib, but upward trajectory remains intact.
Price action has shown a decisive breakout at cloud and 55-EMA resistance, confirming upside in the pair.
Stochs and RSI support upside and volatility is rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows major trend is neutral, while minor trend is bullish.
Next major hurdle above 61.8% Fib lies at 110-EMA at 0.6505. Bullish invalidation only below cloud.
Key catalysts to watch out:
Today'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.
