AUD/USD chart - Trading View
AUD/USD was trading largely muted on the day at 0.7140 at around 05:10 GMT.
Aussie bulls fail to cheer upbeat China Caixin PMI. The pair range bound below 5-DMA.
China Caixin Manufacturing PMI rose to 52.8 in July from 51.8, beating the consensus estimate of 51.3.
Lack of progress in a new US coronavirus stimulus package which has stalled as Republicans and Democrats remain in a deadlock and misplaced optimism about coronavirus vaccines seem to cap gains.
Major trend in the pair remains bullish as evidenced by GMMA indicator. Intraday charts show minor weakness as the pair dips below 200H MA.
Overbought oscillators and bearish MACD line crossover on signal line add to the bearish pressure.
Pullbacks likely to be shallow. Strong support seen till 0.7058. Break below could see dip till 50-DMA at 0.6946.
Resumption of upside will see major hurdle at 200W MA at 0.7256. Bullish invalidation below 200-DMA.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro:EUR/NZD gains some upside momentum but still bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



