AUD/USD: Upside remains capped below 0.6400 amid cautious market

Dear valued traders, greetings! Currently, the AUD/USD is attempting to recover but is still being limited below 0.6400 in the Asian trading session on Friday. Despite concerns about China and a risk-averse market environment, this currency pair has been reinforced by recent selling of the US Dollar.

On the 4-hour chart, the currency pair is moving within a range with potential resistance around 0.6400 and support above 0.6355.

Support levels: 0.6350, 0.6330, 0.63000

Resistance levels: 0.64000, 0.644000

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good luck everyone <3

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Australian economic data shows Imports have overtaken Exports, but the country still showed a surplus on Trade Balance of A$8 billion in July

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Don't hesitate to share your views in the comments section! I really want to listen to you

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The Australian Dollar remained in action this week as the RBA kept the interest rate policy unchanged.