FxWirePro: AUD/USD struggles to build on the momentum, hovers around session lows at 0.7091

AUD/USD chart - Trading View 

• AUD/USD is trading at 0.7094, down 0.54% at the time of writing.
   
• The pair has failed to build onto to upside momentum and intrday bias is neutral.
   
• Upside remains capped at daily cloud and decisive break above required for further upside.
   
• Technical indicators do not provide clear directional bias. RSI is sidelined around 48 and Stochs are flat.
   
• Immedaite support is seen at 20-DMA at 0.7083, break below will pave the way for further weakness towards the key 0.70 psychological mark.
   
• On the flipside, breakout above cloud will see upside continuation. Scope then for test of 200-DMA at 0.7213.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.