AUD/USD chart - Trading View
AUD/USD was trading largely muted on the day at 0.7745 at around 04:00 GMT, bias remains neutral.
The pair is struggling for direction, has closed the previous session with a Doji formation above 55-EMA support.
Australia trade and Retail Sales figures along with China Caxin PMI data proved uneventful and AUD/USD continues to be stuck in consolidation.
Data dump from Australia showed Aussie trade figures came in weaker for May, while Retail Sales matched initial forecasts.
China Caixin/Markit services Purchasing Managers' Index (PMI) fell to 55.1 in May, down from 56.3 in April but still well in expansionary territory. The Composite PMI eased to 53.8.
Major Support Levels:
S1: 0.7730 (55-EMA)
S2: 0.7683 (Lower BB)
S3: 0.7666 (110-EMA)
Major Resistance Levels:
R1: 0.7758 (20-DMA)
R2: 0.78
R3: 0.7848 (Upper W BB)
Summary: AUD/USD trades with a neutral bias. Technical indicator do not provide a clear direction. Price action is extending sideways grind along 55-EMA support. US data, risk headlines may provide cues for near-term direction.
