AUD/USD chart - Trading View
AUD/USD was trading rangebound at 0.7164 at around 05:30 GMT, bias remains bullish.
The pair has erased most of the previous session's losses and closed 0.17% higher at 0.7174 on Wednesday's trade.
Data released earlier today showed Australia’s Trade surplus shrank to 5.63bn in September, more than 3.7bn expected.
Australia’s September month Trade Balance eased as the big -5.9% drop in Imports supersede +3.9% rise in Exports.
Technical indicators support some gains in the pair. Price action is above major EMAs and 'bullish divergence' on RSI supports upside.
Focus on US election updates along with the US Federal Reserve’s policy decision due at 1900 GMT. A cautious tone from the Fed could push the pair higher.
Stiff resistance is seen at daily cloud and 200W MA. Decisive break above will confirm further upside. Test of 0.74 levels likely.
Major Support - 0.7054 (110-EMA); Major Resistance - 0.7240 (200W MA)


FxWirePro- Major Crypto levels and bias summary
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro- Major European Indices
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/USD bulls remain cautiously optimistic
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



