AUD/USD chart - Trading View
AUD/USD was trading 0.26% lower on the day at 0.7621 at around 06:00 GMT, outlook bearish.
The pair was struggling to extend previous session's uptick, daily cloud offers major resistance.
The Aussie subdued after authorities announced a three-day lockdown in Brisbane and growing China worries continue to dent risk appetite.
Technical bias for the pair is neutral. Pullback in the pair has held support at 110-EMA at 0.7573.
Bulls are struggling to extend gains above daily cloud. The major has formed a Doji at cloud resistance.
RSI is below 50 mark. Decisive break above daily cloud is required for upside continuation.
On the flipside, breach below 110-EMA will negate any upside in the pair. Scope for test of 23.6% Fib at 0.7414.
