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 moves lower on weak UK data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 



