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AUD/USD chart - Trading View
AUD/USD was trading 0.15% higher on the day at 0.7134 at around 04:50 GMT, intraday bias remains neutral.
The pair is extending sideways grind from the past few sessions as 55-EMA offers stiff resistance.
Price action has bounced off 110-EMA support and 'Golden Cross' on the daily charts keeps scope for upside.
That said, a decisive break above daily cloud required for upside continuation. Resumption of upside could see gains upto 0.74 mark.
Upside likely to be limited as the RBA prepares to slash rates. RBA Debelle's comments earlier today failed to impress Aussie bulls.
110-EMA is strong support at 0.7048. Break below will plummet prices. 200-DMA at 00.6796 then in sight. Violation at 200-DMA will open downside.
