AUD/USD stays above 0.6900 after upbeat Aussie Retail Sales, China Caixin PMI. 21-day SMA offers immediate support ahead of the weekly low. 0.6975/80 acts as an additional upside barrier beyond the immediate resistance line. Bearish MACD, multiple resistances keep the buyers cautiously optimistic. AUD/USD extends recovery moves from 0.6913 to trade around 0.6925, intraday high of 0.6931, during early Friday. Despite refraining from much rise after the welcome data, the quote remains on the front foot for the fourth day in a row, which in turn propels the bulls towards crossing a three-week-old resistance line. Australia’s Retail Sales for May surge beyond 16.3% flash estimations and market forecasts to 16.9% whereas China’s June month Caixin Services PMI grew past-49.9 expected and 55 prior to 58.4. Even if the buyers manage to cross the descending trend line from June 11, at 0.6461 now, bearish MACD and a horizontal area around 0.6975/80 established since June 16 could restrict the pair’s further upside. However, the quote’s ability to pierce 0.6980 will easily surpass 0.7000 threshold to challenge the previous month’s high of 0.7065. Alternatively, a 21-day SMA level of 0.6906 limits the pair’s near-term declines, a break of which could highlight the weekly bottom surrounding 0.6830. In a case where the bears refrain from stepping back around 0.6830, 0.6810, 0.6800 and the mid-June bottom around 0.6775 will flash on their radars. AUD/USD daily chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY: Break above 75.50 elusive despite strong Aussie and China data FX Street 3 years AUD/USD stays above 0.6900 after upbeat Aussie Retail Sales, China Caixin PMI. 21-day SMA offers immediate support ahead of the weekly low. 0.6975/80 acts as an additional upside barrier beyond the immediate resistance line. Bearish MACD, multiple resistances keep the buyers cautiously optimistic. AUD/USD extends recovery moves from 0.6913 to trade around 0.6925, intraday high of 0.6931, during early Friday. Despite refraining from much rise after the welcome data, the quote remains on the front foot for the fourth day in a row, which in turn propels the bulls towards crossing a three-week-old resistance line. Australia’s Retail Sales for May… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.