AUD/USD: attempting to reestablish upward momentum?

AUD/USD is currently trading at 0.7568 with a high of 0.7573 and a low of 0.7562.

AUD/USD has been consolidated between 0.7560/80 within a reversal of the mid-June downside from the 0.7630/40 level while attempting to reestablish upward momentum. 

AUD/USD 1-3 month: 

Analysts at Westpac suggest that the resilience of US equity markets to the distractions of the Trump administration is a positive backdrop for risk-sensitive AUD, adding the following:

"Chinese markets are of course less helpful as the deleveraging push continues, but the uptrend in steel prices suggests a potential for a recovery in iron ore prices. The rebound in Australian job creation keeps RBA rate cut talk at bay. But multi-month, we expect the ongoing rise in US interest rates to chip away at AUD/USD, leaving it around 0.73 by Q3."

AUD/USD levels

Valeria Bednarik, chief analyst at FXStreet explained that whilst technical indicators have recovered from oversold readings, but pared gains right around their mid-lines , losing upward momentum, buying interest is limited. "Chances of further advances will depend on US self-weakness. US Markit preliminary June PMIs and May New Home Sales will likely define dollar's behavior during this last session of the week."

Resistance: 0.7586 June 21 high; 0.7624 June 20 high; 0.7663 March 31 high; 0.7680 March 30 high. Support: 0.7529 200-DMA; 0.7500 June 7 low; 0.7457 June 6 low; 0.7408 June 5 low; 0.7373 June 1/2 lows; 0.7336 May 11 low.

AUD/USD: headed to 0.7630? - BBH