AUD/USD oscilates arounf NY session lows, awaits data in Tokyo

• AUD/USD drifting along NY session lows.
• AUD/USD to find action in Tokyo?

AUD/USD has been stabilising the NY supply and is currently, AUD/USD is trading at 0.7527, down -0.03% on the day, having posted a daily high at 0.7531 and low at 0.7525.

AUD/USD opened the NY session on the bid and advancing the European session's highs until 0.7545 before offers emerged on a firm dollar where the Aussie dropped to 0.7515. Copper and iron-ore futures were a negative factor in the session as well. 

What to watch for this coming Tokyo session?

However, eyes will be on the Tokyo open today to see whether the yen cross can catch a bid on further risk-on sentiment in the open; 0.8550 is the key level on the upside there to watch for.  Meanwhile, there will be some Aussie housing and business conditions/confidence data to look out for as well.

AUD/USD levels

AUD/USD is maintaining its bearish strength according to intraday technical readings, as in the 4 hours chart, the price remains well below a bearish 20 SMA, currently at 0.7580, while the Momentum indicator consolidates within an oversold territory, "The RSI is also flat at 33. The main support is now the 0.7500 figure, with a break below it exposing 0.7450, and with a  weekly close below it favoring a continued slide towards 0.7250, the next big static support," Valeria added.