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   “¢   The pair built on overnight rebound from near two-week lows and has been trending higher along an intraday ascending trend-channel formation on short-term charts.

   “¢   The up-move, however, struggled to make it through/paused near 61.8% Fibonacci retracement level of the 0.7269-0.7199 overnight sharp retracement slide.  

   “¢   Technical indicators on hourly/daily charts have already recovered from the bearish territory and support prospects for a continuation of the positive momentum.

   “¢   A convincing breakthrough the trend-channel resistance will reinforce the intraday bullish view and assist the pair to make a fresh attempt to reclaim the 0.7300 handle.

   “¢   Alternatively, a sustained weakness below the trend-channel support might negate the constructive outlook and prompt some fresh selling amid resurfacing US-China trade tensions.

AUD/USD 1-hourly chart

AUD/USD

Overview:
       Today Last Price:  0.724
       Today Daily change:  12  pips
       Today Daily change %:  0.166%
       Today Daily Open:  0.7228
Trends:
       Previous Daily SMA20:  0.7232
       Previous Daily SMA50:  0.7179
       Previous Daily SMA100:  0.7245
       Previous Daily SMA200:  0.7432
Levels:
       Previous Daily High:  0.727
       Previous Daily Low:  0.7199
       Previous Weekly High:  0.7327
       Previous Weekly Low:  0.7202
       Previous Monthly High:  0.724
       Previous Monthly Low:  0.702
       Previous Daily Fibonacci 38.2%:  0.7226
       Previous Daily Fibonacci 61.8%:  0.7243
       Previous Daily Pivot Point S1:  0.7195
       Previous Daily Pivot Point S2:  0.7162
       Previous Daily Pivot Point S3:  0.7124
       Previous Daily Pivot Point R1:  0.7266
       Previous Daily Pivot Point R2:  0.7303
       Previous Daily Pivot Point R3:  0.7336