AUD/USD Technical Analysis: Aussie erasing Chinese GDP-inspired gains
|AUD/USD daily chart
- AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).
AUD/USD 4-hour chart
- AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.
- AUD/USD is still limited by the 0.7200 figure.
AUD/USD 30-minute chart
- AUD/USD erased the gains made in Asia on the back of the positive Chinese GDP.
- AUD/USD is expected to consolidate between the 0.7180 and 0.7160 level.
Additional key levels
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