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AUD/USD chart - Trading View
Australia's trade data released at 01:30 GMT showed strong preliminary trade numbers for March.
Data showed an export growth of 29% and a 10% rise in imports or inbound shipments from -5% and -4% in the previous month respectively.
Aussie remains unimpressed despite strong data. AUD/USD was trading 0.31% lower on the day at 0.6301 at around 02:30 GMT.
Signs of risk recovery in broader markets could bode well for the Aussie dollar. A slew of economic data from the U.S. later today also in play for price action.
U.S. Jobless claims, Markit PMIs and New Home Sales data due later today could decide further direction for the pair.
Technical indicators do not show a clear direction for now. Bias tilted in favour of bears. Break below 21-EMA (0.6268) will confirm weakness for the pair.
