AUD/USD chart - Trading View
AUD/USD was trading 0.07% higher on the day at 0.7642 at around 09:45 GMT, bias lower.
The pair is consolidating break below 21-EMA and recovery attempts remain capped below 5-DMA.
Oscillators have turned bearish, RSI is well below the 50 mark and bias is lower. Further, a 'Bearish Divergence' on the daily charts raises downside pressure.
Volatility is rising and short-term moving averages on the GMMA indicator have turned bearish.
Bears now target 55-EMA support at 0.7567. Break below will drag the pair lower to test 38.2% Fib retracement at 0.7503.
On the flipside, the pair finds strong resistance at 21-EMA at 0.7680. Retrace above will negate bearish bias.
Traders now look forward to the release of the US ISM Manufacturing PMI for some short-term opportunities.


NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Major Crypto levels and bias summary
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Major Pair levels and bias summary
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data 



