AUD/USD reverts to test the critical short-term support at 0.7586. Buyers remain hopeful amid a potential golden cross on the hourly sticks. RSI remains bullish, allowing room for more upside. AUD/USD is paring back gains in the European session, having failed to find acceptance above 0.7600.
The aussie bulls are taking a breather after the four straight days of gains, looking to find some support at the critical short-term support at 0.7586, which the 21-Hourly Moving Average (HMA).
If the above support gives way, a test of the confluence of the 50 and 200-HMAs at 0.7581 will be on the cards. Further south, the psychological 0.7550 level could offer lend some support to the buyers.