- AUD/USD recovery attempts capped by 5-DMA currently at 0.7462.
- Pair unable to extend gains above 38.2% Fib, extending slide along 20-DMA.
- Momentum studies bearish, RSI below 50 levels and Stochastics have rolled over from overbought levels.
- Support levels - 0.7438 (20-DMA), 0.7421 (23.6% Fib), 0.74, 0.7370 (Dec 1 low)
- Resistance levels - 0.7462 (5-DMA), 0.7489 (38.2% fib), 0.7508 (Dec 8 high)
- Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-finds-major-resistance-at-07458-good-to-sell-rallies-442804) has achieved TP1.
Recommendation: Hold for downside.
FxWirePro's Hourly AUD Spot Index was at 9.32436 (Neutral), while Hourly USD Spot Index was at 80.0016 (Slightly bullish) at 0850 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/USD dips lower on negative UK retail sales data
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



