AUD/USD making bullish attempts towards overnight highs

Currently, AUD/USD is trading at 0.7638, up 0.02% on the day, having posted a daily high at 0.7642 and low at 0.7635.

AUD/USD is making a case for another pop at the overnight highs at 0.7642, taking advantage of the bearishness that came of Fed chat in an otherwise empty space for the Auusie this week in respect to domestic data releases. We do however have the Westpac consumer confidence coming up in the Tokyo opening hour, but focus will be on China later in the week and US releases. 

Next key data to come from the US session? - Nomura

Elsewhere, from earlier in the week,  the NAB business survey showed that business conditions improved in June. The data arrived at 15 beating the prior 12. Business confidence also rallied, arriving from 7 prior to 9. Home loans missed expectations that came in at 1.0% vs expectations of a 1.5%.

Fed chat: a key mover in the US shift overnight - ANZ

AUD/USD levels

Valeria Bednarik, chief analyst at FXStreet explained that the 4 hours chart presents a mildly positive tone, as the price holds above a still flat 20 SMA, whilst technical indicators consolidate within positive territory, lacking strength enough to confirm additional advances. "Persistent dollar's weakness will probably keep the downside limited, but gains beyond 0.7700 seem quite unlikely as selling interest is large on spikes beyond it."