The AUD/USD pair is trading at a five-day high ahead of the Q2 GDP release, with a positive technical stance in its 4 hours chart, trading above its 20 and 100 SMA for the first time in over a week. The moving averages continue directionless, while the 200 SMA holds going lower, offering a dynamic resistance at 0.6820.
Technical indicators in the specified chart hold within certain levels although now dropping their bullish strength. The market is previously aware that GDP could foil, which means that the pair could post a massive reflection on a positive surprise than to a negative one.