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AUD/USD chart - Trading View
AUD/USD was trading 0.39% higher on the day at 0.7308 at around 05:50 GMT, outlook remains bullish.
Market’s risk tone remains mostly sluggish, however, hopes of stimulus from the U.S. together with the recent developments in the coronavirus (COVID-19) vaccine add to the positives.
The pair is extending grind above daily cloud and is extending break above crucial 200W MA resistance.
Oscillators are biased higher, momentum with the bulls. Rising volatility along with bullish momentum to drive prices higher.
Resumption of upside will see test of 78.6% Fib at 0.7573. Bullish invalidation only below 200W MA.
