AUD/USD Technical Analysis: Now seemed struggling to build on momentum beyond 0.7200 handle

   •  The pair stalled Friday's sharp retracement slide from over one-month tops and managed to find some support near 38.2% Fibonacci retracement level of the 0.7021-0.7259 last week's upsurge. 

   •  Mixed technical indicators on hourly/daily charts haven't been supportive of a strong runaway rally ahead of the latest RBA monetary policy update on Tuesday and the FOMC decision on Wednesday.

   •  Meanwhile, the fact that the pair remains well above important intraday moving averages – 100 & 200-hour SMAs, support prospects for some additional intraday positive momentum.

   •  However, any meaningful up-move move beyond the 0.7215 immediate resistance might provide a temporary lift but seems more likely to run into some resistance ahead of 100-day SMA.

AUD/USD 1-hourly chart