AUD/USD chart - Trading View
AUD/USD was trading 0.27% lower on the day at 0.7430 at around 04:55 GMT, pauses upside at 110-EMA resistance.
The pair is retreating from 2-month highs at 0.7478 hit on Friday's trade, on dollar rebound amid souring sentiment.
The aussie remains depressed on coronavirus fears and amid looming Australian-Sino tensions. Coronavirus cases spike in Australia.
On Friday, a disappointing U.S. payrolls report suggested the Fed policy is set to remain super-loose for longer. Data clouded the outlook for global growth and inflation.
Labor Department data showed on Friday U.S. nonfarm payrolls increased by 235,000 jobs last month, missing expectations of 728,000 by a wide margin.
Fed Chair Jerome Powell had said last month that reaching full employment was a pre-requisite for the central bank to start paring back its asset purchases.
Investors were still assessing the fallout from the September payrolls report. The data on Friday pushed the dollar index DXY to its lowest level since Aug. 4.
Minor rebound seen in DXY today at price holds 110-EMA support. AUD/USD shows minor weakness amid US dollar rebound.
The pair is consolidating break into the daily cloud. Technical indicators point to further upside in the pair.
110-EMA at 0.7476 is offering stiff resistance, decisive break above will fuel further gains. Next bull target lies at cloud top at 0.7542 ahead of 200-DMA at 0.7604.


FxWirePro- Woodies Pivot(Major)
FxWirePro:EUR/AUD eases but bullish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major European Indices
FxWirePro: GBP/USD advances on steady UK GDP growth
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 



