AUD/USD chart - Trading View
AUD/USD was trading 0.58% higher on the day at 0.6532 at around 04:15 GMT.
Fresh US-China trade optimism after trade representatives from both countries held a phone call boosts Aussie.
Australia's PM Morrison's economy re-opening plan and RBA's SoMP also fuel optimism and support gains.
Price action has bounced off 21-EMA support and has edged above 110-EMA. Momentum studies are bullish.
Volatility is rising and GMMA shows short-term trend has turned bullish. Scope for test of 200-DMA at 0.6672.
110-EMA is immediate support at 0.6500. Retrace below 21-EMA negates bullish bias.
