“¢ The pair showed some resilience below 200-hour SMA/0.7100 mark in the previous session and regained positive traction on the last trading day of the week.
“¢ The intraday uptick lifted the pair back closer to the 0.7125-30 supply zone, or weekly tops, though bulls seemed non-committed ahead of the US monthly jobs report.
“¢ Oscillators on hourly charts have been gaining positive traction and have also recovered from the negative territory on the daily chart, indicating short-term bullish bias.
“¢ However, traders are likely to wait for a convincing break through the mentioned barrier before positioning for any further up-move towards reclaiming the 0.7200 mark.
AUD/USD 1-hourly chart
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