AUD/USD Technical Analysis: Intraday positive momentum pauses near 61.8% Fibo. level

   •  The pair built on overnight rebound from near two-week lows and has been trending higher along an intraday ascending trend-channel formation on short-term charts.

   •  The up-move, however, struggled to make it through/paused near 61.8% Fibonacci retracement level of the 0.7269-0.7199 overnight sharp retracement slide. 

   •  Technical indicators on hourly/daily charts have already recovered from the bearish territory and support prospects for a continuation of the positive momentum.

   •  A convincing breakthrough the trend-channel resistance will reinforce the intraday bullish view and assist the pair to make a fresh attempt to reclaim the 0.7300 handle.

   •  Alternatively, a sustained weakness below the trend-channel support might negate the constructive outlook and prompt some fresh selling amid resurfacing US-China trade tensions.

AUD/USD 1-hourly chart