AUD/USD chart - Trading View
AUD/USD has paused seven straight sessions of downside and was trading marginally higher on the day.
The pair was trading 0.42% higher at 0.6021 at around 05:45 GMT, after hitting lowest since April 2003 (17-year low).
The Aussie found some support after RBA infuses liquidity, adds A$10.7 bln to the banking system through repos.
On the data front, the preliminary readings of February month Aussie Retail Sales reversed the prior -0.3% figures with a +0.4% mark rise.
Upbeat data could also be supporting the Aussie, however, further downside to come should he US dollar continues to pick up a safe haven bid.
The final readings for retail sales, to be out on April 08, will be closely watched, coupled with global measures to fight against the epidemic for further direction.
Technical analysis show no respite from bear grip, further downside on charts.
Next major support on the downside lies only at 0.5531 (Aug 1998 low) ahead of 0.5495 (88.6% Fib retracement).
Immediate resistance lies at 0.6105 (5-DMA). Close above could see minor pullback. Next hurdle lies at 200H MA at 0.6369.


FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: GBP/AUD extends losses after RBA rate hike
Bank of America Posts Strong Q4 2024 Results, Shares Rise
China's Refining Industry Faces Major Shakeup Amid Challenges
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro: USD/JPY builds momentum , eyes 157.00 level in the short term
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
FxWirePro- Major Pair levels and bias summary
EURJPY Breaks Above 184 – Euro Bulls Charge Toward 187
FxWirePro- Major European Indices
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target
FxWirePro: GBP/NZD remains weak, eyes 2.2550 level 



