AUD/USD Technical Analysis: Challenges 200-hour SMA near 0.7100 handle post-US jobless claims

   •  The pair continued with its struggle to make it through the 0.7125-30 supply zone, or weekly tops, and has now moved on the verge of slipping back below 200-hour SMA.

   •  Better than expected US initial weekly jobless claims provided a minor lift to the USD and turned out to be one of the key factors behind the latest leg of a downtick in the last hour.

   •  Meanwhile, oscillators on hourly charts have again started gaining negative momentum and point to additional intraday downfall, despite optimism over US-China trade talks.

   •  A convincing break below the mentioned SMA has the potential to accelerate the slide back towards the 0.7060-55 intermediate support en-route the key 0.70 psychological mark.

AUD/USD 1-hourly chart