The Aussie is recovering its bullish stance and could rally beyond 0.7400 AUD AUDUSD $AUD $AUDUSD
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On a down note, Australian headlines were quite discouraging. March Westpac Consumer Confidence fell by more than anticipated, down 4.2% vs the -1.1% anticipated Also, Australian Prime Minister Scott Morrison said that he would recommend declaring a national emergency amid floods on the east coast, allowing flood victims to receive quicker aid.
The 4-hour chart shows that a mildly bearish 20 SMA is acting as dynamic resistance at around 0.7330, while the RSI indicator turned flat within neutral levels and the Momentum indicator advances below its midline. Bulls will be more willing to add longs if the pair breaks above 0.7340.View Live Chart for the AUD/USD
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