“¢ The pair continued with its struggle to make it through the 0.7125-30 supply zone, or weekly tops, and has now moved on the verge of slipping back below 200-hour SMA.
“¢ Better than expected US initial weekly jobless claims provided a minor lift to the USD and turned out to be one of the key factors behind the latest leg of a downtick in the last hour.
“¢ Meanwhile, oscillators on hourly charts have again started gaining negative momentum and point to additional intraday downfall, despite optimism over US-China trade talks.
“¢ A convincing break below the mentioned SMA has the potential to accelerate the slide back towards the 0.7060-55 intermediate support en-route the key 0.70 psychological mark.
AUD/USD 1-hourly chart
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