AUD/USD chart - Trading View
AUD/USD has paused a 7-day winning streak and was trading 0.59% lower at 0.6404 at around 04:30 GMT.
The antipodean was dented after data released earlier today showed Australia's consumer confidence suffered a historical collapse in April.
Australia's Westpac's consumer sentiment index fell to a record low of 75.6 from March's print of 91.9.
Markets likely to remain cautious ahead of the key US consumer spending and Australian jobs report.
Signs of upside exhaustion in the pair. RSI is showing a slight turn and stochastics are at overbought levels.
Price action has paused shy of 61.8% Fib at 0.6455. Further bullishness only on break above.
Major trend in the pair remains neutral as evidenced by GMMA indicator. Breakout at 200-DMA (0.6720) required for shift major trend.
55-EMA is strong support at 0.6366. Retrace below will see bearish resumption.
Major Support Levels: 0.6366 (55-EMA), 0.6276 (50% Fib), 0.6238 (21-EMA)
Major Resistance Levels: 0.6455 (61.8% Fib), 0.6522 (daily cloud), 0.6531 (110-EMA)
Summary: Signs of upside exhaustion in the pair. Focus on US consumer spending and Australian jobs report. Watch out for break below 55-EMA for weakness.


FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone
Fed-ECB Policy Chasm Sends EURUSD Tumbling to 1.1375; Bearish Momentum Builds Toward 1.1300
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
Geopolitical Shocks That Could Reshape Financial Markets in 2025
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Wall Street Analysts Weigh in on Latest NFP Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
FxWirePro: GBP/USD slides toward critical support market reassesses UK political transition 



