AUD/USD chart - Trading View
AUD/USD trades 0.39% lower at 0.6970 at 06:40 GMT, strong US dollar weighs.
The pair has been capped below 55-EMA which is stiff resistance at 0.70.
Aussie bulls unimpressed by upbeat China trade balance data which ticked higher to $41.65 billion.
Details of the report showed the imports fell in both CNY and USD terms, suggesting weakening domestic demand.
China’s weakening domestic demand and broad-based US dollar strength keeps pressure on the antipodeans.
The pair has retraced below 5-DMA and finds 21-EMA as immediate support at 0.6959.
Technical indicators are turning slightly bearish. RSI is now biased lower and Stochs are on verge of rollover from overbought.
Break below 21-EMA confirms further downside, drag till 0.6815 (trendline) likely.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major European Indices
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 



