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Chart - Courtesy Trading View
AUD/USD was trading largely unchanged at 0.7087 at around 08:25 GMT.
The pair is extending sideways grind above 21-EMA support, bias tilted bullish.
Price action is above 200H MA, 5-DMA is biased higher. The pair holds above 20-DMA.
Focus now on US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) numbers for impetus.
Analysts expect US GDP to stay unchanged at -1.4% on annual basis. US PCE is also expected to remain stable at 7%.
Major Support Levels:
S1: 0.7079 (21-EMA)
S2: 0.7038 (200H MA)
Major Resistance Levels:
R1: 0.71
R2: 0.7174 (55-EMA)
Summary: AUD/USD pivotal at 21-EMA support. Break below to drag the pair lower. Focus on US GDP and PCE data for impetus.
