AUD/USD chart - Trading View
AUD/USD was trading 0.63% higher on the day at 0.7335 at around 05:30 GMT after closing largely unchanged in the previous session.
The pair has bounced off strong support at 21-EMA, has has hit 2-week highs above 0.73 handle and is on track for further gains.
Price action has ignored 'Bearish divergence' on the daily charts and is set to resume upside as RBA minutes and China data dump support gains.
The Reserve Bank of Australia minutes flashed mildly positive signals as the central bank reiterated the policymakers’ cautious optimism with a no to increase cash rate target.
On the data front, China’s August month Industrial Production grew past-5.1% forecast to 5.6% whereas Retail Sales crossed 0.1% market consensus with +0.5% readings.
Challenges to the risk-on mood amid persistent US-China trade war fears likely to keep check on gains.
That said, technical analysis supports gains. Price is consolidating break above 200W MA and is set to resume upside to hit fresh multi-year highs.


FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major European Indices
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 



