Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next? 
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 
FxWirePro: GBP/AUD loses momentum but bullish setup remains 
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900 
ETHUSD Dip: Prime Buy Zone to $3600 Targets 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought 
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish 
FxWirePro: GBP/USD advances on steady UK GDP growth 
0.7870 Break Looms – Next Stop 0.7800 for USDCHF? 
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660? 
FxWirePro-Major European Indices 
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
AUD/USD chart - Trading View
AUD/USD was trading largely unchanged at 0.7741 at around 04:10 GMT, edging higher from session lows at 0.7723.
The Australian dollar remains supported as risk sentiment improves amid renewed US-China trade optimism.
On the other side, US dollar eases amid risk-reset, DXY was struggling to extend previous session's weakness, slipped lower from session highs at 90.17.
AUD/USD has been extending sideways along 55-EMA support and the trend is likely to continue as technical studies show a neutral bias.
Also, further upside in the pair appears elusive amid Victoria lockdown news. Uptick in the covid infections led to imposition of 7-day lockdown in the second-largest state of Victoria.
On the data front, Australia’s Q1 Private Capital Expenditure jumped 6.3%, beating the 2.0% market consensus and 3.0% previous readouts.
Further, China's Industrial Profits eased to 57.0%, below 92.3% YoY previous readouts in April. Mixed data failed to impress Aussie bulls.
Focus now on the US Durable Goods Orders for April and Weekly Jobless Claims for further direction.
Support levels - 0.7729 (55-EMA), 0.7681 (Lower BB), 0.7659 (110-EMA)
Resistance levels - 0.7759 (20-DMA), 0.7769 (Cloud top), 0.78
Summary: AUD/USD extends choppy rangebound trade between 20-DMA and 55-EMA. Breakout above will determine near-term direction. Risk sentiment and covid headline could also influence price action.
