- AUD / USD is gaining after hitting session low of 0.7410 in Asia.
- Signs of indecision on the daily chart make Tuesday close crucial.
AUD / USD has rallied from session low of 0.7410 to 0.7427. However, the pair is still trapped in the 0.7454-0.7372 range on Monday.
The Aussie saw a two-way deal on Monday and ended the day with minor losses making a daily candle with long wicks and small body. This is a sign of indecision in the market.
The immediate bias remains neutral as long as the pair trades between Monday's high and low. A break above 0.7454 (Monday's high) would mark a bullish continuation and expose the 0.75 psychological hurdle. Alternatively, a move below 0.7372 Monday lows would confirm a short-term bearish reversal and open the doors to a notable retreat.