AUD/USD Technical Analysis: Struggle to continue between 0.7205 and 0.7080, Aussie Capex in spotlight

• AUD/USD trades near 0.7140 during early Asian sessions on Thursday.
• The pair struggles to ahead of the key economic data, namely the quarterly private capital expenditure detail.
• The quarterly private capital expenditure is expected to increase by +0.5% during the fourth quarter (Q4) of 2018 against previous contraction of -0.5% during Q3.
• On the upside, the 0.7200–0.7205 is likely an immediate barrier for the pair before confronting 0.7265 and 0.7300.
• Should there be additional rise by the pair past-0.7300, 61.8% Fibonacci retracement of its Jan-Feb move near 0.7400 can gain market attention.
• Meanwhile, an upward sloping trend-line supports the pair near 0.7080, a break of which can drag it back to 0.7050 and 0.7000.
• During the pair’s additional weakness past-0.7000, 0.6980 and 0.6925 become crucial to watch.

AUD/USD 4-Hour chart