FxWirePro: AUD/USD keeps bid tone intact, close above daily cloud to support further upside

• AUD/USD has bounced off major trendline support at 0.7585 on Tuesday's trade.
   
• The pair has retraced above 20-DMA and has broken above daily cloud.
   
• Technicals are still biased lower, only a decisive close above daily cloud could see further upside.
   
• The pair has broken above 100-SMA on hourly charts, weakness seen on break below.
   
• An underlying weakness seen in the base metals, particularly copper keeps upside subdued.
   
• Support levels - 0.7628 (5-DMA), 0.7617 (20-DMA), 0.7590 (trendline)
   
• Resistance levels - 0.77, 0.7742 (trendline), 0.7749 (Mar 21 high)

FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -68.1476(Bearish), while Hourly USD Spot Index was at 42.837 (Neutral) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.