AUD/USD Technical Analysis: Sellers continue to lurk ahead of 0.7095 trend-line resistance

• While upbeat Australian business survey data propelled the Aussie during early Tuesday, the AUD/USD managed to post a day’s high near 0.7090 on the US President Donald Trump’s comments favoring a likely trade deal between the US and China.
• However, the sellers continue to lurk ahead of the short-term descending trend-line resistance, at 0.7095, that connects highs marked since last Wednesday.
• Should the pair cross 0.7095 barrier, its rise to 0.7140 horizontal-line can be expected whereas 0.7170 and a downward sloping resistance-line at 0.7205 may confine additional upside.
• Alternatively, the 0.7065 and the recent low around 0.7050 seem immediate supports for the pair, a break of which can drag the quote to 61.8% FE level of its latest pullback, at 0.7030.
• In case bears manage to conquer 0.7030, 0.7000 and 0.6980 could become their next favorites.

AUD/USD hourly chart