Chart - Courtesy Trading View
AUD/USD was trading 0.09% higher on the day at 0.6757 at around 05:35 GMT.
The pair is consolidating break above 110-EMA and daily cloud, scope for further gains.
The International Monetary Fund (IMF), in its annual review, said “Australia should continue to tighten monetary and fiscal policy to contain inflation.
Investors stay on a cautious footing amid rising geopolitical risks as concerns loom over missile attack on Poland.
Data released on Tuesday showed US Producer Price Index (PPI) for October eased to 8.0% YoY versus market forecasts of 8.3% and the downwardly revised prior of 8.4%.
The monthly figure reprinted the 0.2% prior (revised from 0.4%) while easing below 0.5% expectations.
Further, the Federal Reserve Bank of New York's Empire State Manufacturing Index jumped to 4.5 in November from -9.1 in October and the market expectation of -5.
Softer data stoke receding hawkish bets at the US central bank’s next move in December. Focus now on US Retail Sales for impetus.
US Retail Sales for October scheduled at 13:30 GMT later in the NY session are expected to rise to 1.0% versus 0.0% prior.
Major Support Levels:
S1: 0.6707 (5-DMA)
S2: 0.6694 (110-EMA)
Major Resistance Levels:
R1: 0.6936 (55-week EMA)
R2: 0.6949 (200-DMA)
Summary: AUD/USD trades with a bullish technical bias. The pair is poised for further upside. Weakness only below daily cloud.


Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: EUR/AUD downward momentum remains in place
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Major Crypto levels and bias summary
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/JPY remains in familiar place on intervention threat 



