AUD/USD supply in low volumes on data release

FXStreet (Guatemala) - AUD/USD is trading at 0.9274, up 0.04% on the day, having posted a daily high at 0.9293 and low at 0.9271.

AUD/USD is virtually unchanged although with offers coming in modestly on the release of the first bout of data for the economy this week ahead of the RBA later on. Australian trade balance (Mar) came at 731M vs 1,200M expected and 1,200M last, with exports (Mar) coming at -2% vs 0% last and imports (Mar) at 0% vs 1% expected. Meanwhile, AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

AUD/USD Levels

Spot is presently trading at 0.9277, and next resistance can be seen at 0.9285 (Daily 20 SMA), 0.9288 (Weekly High), 0.9291 (Yesterday's High), 0.9293 (Daily Classic R1) and 0.9293 (Daily High). Next support to the downside can be found at 0.9274 (Daily Open), 0.9274 (Hourly 100 SMA), 0.9274 (Hourly 20 EMA), 0.9273 (Hourly 200 SMA) and 0.9272 (Daily Classic PP).

AUD/USD chart formations

Regarding candlestick formations, we can see Doji formation on the 4-hour .