AUD/USD Technical Analysis: 0.7135-40 continues to limit the Aussie upside

• The AUD/USD pair trades little changed around 0.7130 during the early Asian session on Friday.
• The pair maintains trading under 0.7135-40 horizontal resistance, connecting present week high to late-January low.
• From the present levels, 0.7080 and the recent low of 0.7050 may offer immediate support to the pair while a descending trend-line stretched since early January may confine its declines around 0.7040 then after.
• Assuming the downside past-0.7040, the pair might not hesitate to visit the 0.7000 and the 0.6980 rest-points.
• On the contrary, a successful break of 0.7140 can’t be considered as a sign of a rally as immediate downward sloping trend-line could challenge the buyers near 0.7170.
• If at all prices rally past-0.7170, bulls can aim for 0.7220 and 0.7260 numbers to the north.

AUD/USD 4-Hour chart