Chart - Courtesy Trading View
AUD/USD was trading 0.13% lower on the day at 0.6693 at around 06:40 GMT.
The pair has erased early gains and bias remains bearish, scope for further weakness.
Momentum is with the bears, Stochs and RSI are sharply lower, RSI is well below 50.
GMMA indicator shows major and minor trend are strongly bearish. MACD and ADX support downside in the pair.
Price action is below cloud and Chikou span is biased lower. Major moving averages are biased lower.
Australian dollar fails to benefit from upbeat China data, focus on Michigan CSI and next week’s FOMC meeting for impetus.
Major Support Levels:
S1: 0.6681 (July 14 low)
S2: 0.6663 (Lower BB)
Major Resistance Levels:
R1: 0.6753 (5-DMA)
R2: 0.6770 (200H MA)
Summary: AUD/USD trades with a bearish bias. The pair is poised to test fresh yearly lows below 0.6681.


FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro- Major Pair levels and bias summary
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro- Major European Indices
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: AUD/USD dips on soft China data
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: USD/JPY caught in narrow range, bias bearish 



