AUD/USD Technical Analysis: Bulls gearing up for a move towards challenging 200-DMA/0.7300 handle

   •  The pair struggled to build on the post-RBA strong rebound from the vicinity of 200-hour SMA and was seen consolidating in a range, around 100-hour SMA, or mid-0.7200s.

   •  Given the intraday bullish move beyond a two-day-old descending trend-channel, coupled with bullish oscillators on hourly/daily charts support prospects for additional gains.

   •  Hence, a follow-through positive momentum, towards challenging the very important 200-day SMA barrier and reclaiming the 0.7300 handle, remains a distinct possibility.

   •  However, the prevalent USD buying interest might turn out to be the only factor that might keep a lid on any subsequent up-move ahead of the US ISM non-manufacturing PMI.

AUD/USD 1-hourly chart