• Momentum line signals more upside, 100 DMA acts as an extra hurdle to north.

• Three week-old rising trend line. 21-DMA limit short-term downside.

AUD/USD pullback extends from intraday high to 0.7185, down 0.08% a day, as it flirts at a downward sloping support line starting in October 2021 during Tuesday’s Asian session.

Trading beyond the 21-DMA is not supported by AUD/USD buyers. An ascending trend line joined the rising Momentum line on January 28 to support continued trading.

Multiple failures to close the daily trading session above the resistance line at 0.7200 could limit the upside of the quote.

Even if the AUD/USD price rises above 0.7200 daily closing, the 100 DMA level of 0.72240 will still be a concern for pair buyers.

Pullbacks may also be directed at the support line near 0.7150 in the short-term, before testing the 21 DMA level at 0.7130.

The 0.7050 and December 2021 lows near 0.6990 could offer intermediate halts in the fall to challenge 0.6965.

Daily chart AUD/USD
Trend: Bears are waiting to enter