AUD/USD Technical Analysis: Aussie erasing Chinese GDP-inspired gains

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA). 

AUD/USD 4-hour chart

• AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.
• AUD/USD is still limited by the 0.7200 figure.

AUD/USD 30-minute chart

• AUD/USD erased the gains made in Asia on the back of the positive Chinese GDP.
• AUD/USD is expected to consolidate between the 0.7180 and 0.7160 level.

Additional key levels