Chart - Courtesy Trading View
AUD/USD was trading 0.29% higher on the day at 0.7270 at around 04:10 GMT.
The pair is extending break above 110-EMA, is on track to test 200-DMA at 0.7325.
Australian dollar underpinned after data released earlier on Monday showed Australian Q4 GDP beats estimates.
Australia’s fourth quarter (Q4) GDP rose past 3.0% forecasts and -1.9% prior to 3.4% QoQ. The YoY number stood at 4.2% versus 3.7% expected and 3.9% previous readouts.
Talks between Ukraine and Russia are on the table, keeping markets hopeful of an intermediate solution to the grim conditions.
Technical indicators are bullish, Stochs and RSI are sharply higher. Momentum is with the bulls and volatility is high.
Major Support Levels:
S1: 0.7234 (110-EMA)
S2: 0.7194 (21-EMA)
S3: 0.7179 (20-DMA)
Major Resistance Levels:
R1: 0.7280 (Upper BB)
R2: 0.73
R3: 0.7325 (200-DMA)
Summary: AUD/USD trades with a bullish bias. Scope for test of 200-DMA at 0.7325. Bullish invalidation below daily cloud.


FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/NZD gains some ground but bias is still bearish
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken 



