Chart - Courtesy Trading View
AUD/USD was trading 0.02% higher on the day at 0.7319 at around 05:10 GMT.
The pair has erased early losses and has edged higher from session lows at 0.7287.
Price action has edged above 200-DMA and decisive close above will fuel further gains.
Risk-on market sentiment buoys Aussie. Focus now on US inflation data for further impetus.
In its latest report published on Thursday, Moody’s Investors Services says 'Australia's stabilizing economic recovery will support steady mortgage performance.'
Further, Moody's forecasts 'Australian GDP will grow 3.5% in 2022, which will underpin steady mortgage performance.'
Technical bias for the pair is tilted to the upside. Close above 200-DMA will see upside resumption.
Major Support Levels:
S1: 0.7298 (200H MA)
S2: 0.7249 (21-EMA)
Major Resistance Levels:
R1: 0.7313 (200-DMA)
R2: 0.7375 (Upper BB)
Summary: AUD/USD pivotal at 200-DMA. Decisive close above will fuel further gains.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
Major Pair Action Bias: Bullish Pairs to Watch Out For
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 



