AUD/USD spikes back to 0.81 neighborhood, US macro data in focus

   •  Bulls manage to defend 0.80 mark on renewed USD selling.
   •  A modest uptick in the US bond yields might cap gains.
   •  US GDP/durable goods order to provide fresh impetus.

The AUD/USD pair gains some fresh traction on Friday and jumped back to the vicinity of 0.8100 handle, reversing previous session's sharp retracement slide. 

A fresh wave of US Dollar selling bias helped the pair to catch some fresh bids and rally over 85-pips from session lows near the key 0.80 psychological mark. 

The pair has now recovered a major part of Thursday's downfall, led by the US President Donald Trump's 'strong dollar' comments, which did provide some immediate respite for the USD bulls but wasn't enough to turnaround the well-established bearish trend. 

However, a goodish pickup in the US Treasury bond yields might now keep a lid on any additional gains near the 0.8100 handle, at least for the time being.

Today's key focus would be on the key US macro releases - advance Q4 GDP growth figures and durable goods orders, which should influence the USD price dynamics and eventually provide some fresh impetus.

Technical levels to watch

On a sustained move above the 0.8100 handle, the pair is likely to aim back towards testing Sept. 2017 highs resistance near the 0.8125 region. Alternatively, rejection from the mentioned hurdle might now find immediate support near the 0.8060 level, which if broken could accelerate the slide back towards the 0.8020-0.8000 region.