AUD/USD: Buy-Side Bias As Intermarket Flows Stand

The trifecta of a bullish slope in equities, DXY+Yuan (inverted) and Aus-US bond yield spread becomes our guidance to anticipate the buying pressure in this market to stay its course. Technically, the market is in a broad range, but with so much value building up at the highs of the day as the volume profile POC reflects, one would expect buyside systems to have another go at the critical area of resistance 0.7130, with a breakout higher exposing an exploitable 20p vacuum area until .07150. Any setbacks on the Aussie should find plenty of demand pockets around the 0.71-7105 support, with a break lower to find further buying interest at 0.7085, even if it looks like a tall order to achieve by sellers as the intermarket crosscurrents stand at the moment.