AUD/USD chart - Trading View
AUD/USD was trading 0.26% higher on the day at 0.7647 at around 06:00 GMT after closing largely unchanged in the previous session.
The pair is struggling at daily cloud and decisive break above is required for upside continuation.
Coronavirus (COVID-19) resurgence in Brisbane and the following lockdown exert downside pressure on the Aussie.
Former RBA board member John Edwards suggests more bond buying, AU-US bond moves suggest further weakness for AUD/USD.
On the data front, Australia’s weekly consumer confidence grew past 110.4 prior to 112.3, according to the ANZ/Roy Morgan survey.
Technical indicators are neutral. 110-EMA is strong support while daily cloud caps upside. Breakout on either side will provide clear directional bias.
Pre-NFP trading lull to continue. Risk catalysts will keep the driver’s seat amid light data calendar ahead of Friday’s US NFP.


EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro- Woodies pivot (Major)
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