Technical Analysis: 200-bar SMA, monthly support-line keep AUDUSD buyers hopeful
Not only dovish bias of the RBA minutes but doubts over the success of the US-China trade deal, mostly known as phase-one, triggered the AUDUSD pair's latest pullback. Even so, the quote stays well above 200-bar SMA and monthly support line, around 0.6835/30, which keeps the buyers hopeful. In doing so, 0.6900 and the recent high surrounding 0.6940 will become their first say in a case of the pair's U-turn. However, 0.7000 round-figure will be the key to watch afterward.
Meanwhile, a downside break below 0.6830 can quickly fetch the quote to last week's low near 0.6800. In a case where the Bears dominate below 0.6800, 0.6780 and 0.6750 can offer intermediate halts to 0.6700 mark.