Chart - Courtesy Trading View
Technical Analysis:
- AUD/USD was trading 0.45% higher on the day at 0.6841 at around 05:10 GMT
- The pair is extending gains for the third straight session, hovers around 21-EMA
- Price action has edged above 200H MA and GMMA indicator shows bullish bias on the intraday charts
- 5-DMA has turned bullish, Stochs and RSI are biased higher, Chikou span is biased higher
- MACD confirms a bullish crossover on signal line
Fundamental Overview:
The Reserve Bank of Australia (RBA) has released July monetary policy minutes which show hawkish guidance by RBA policymakers, supporting the Australian dollar across the board.
The RBA elevated its Official Cash Rate (OCR) consecutively by 50 basis points (bps), which currently stands at 1.35%.
On the other side, the US dollar index (DXY) is likely to remain lackluster amid a light calendar week.
Major Support Levels: 0.6790 (5-DMA), 0.6786 (200H MA), 0.6710 (Lower BB)
Major Resistance Levels: 0.6849 (21-EMA), 0.69. 0.6971 (55-EMA)
Summary: AUD/USD pivotal at 21-EMA. Major trend remains bearish, but the pair is poised for further upside. Watch out for break above 21-EMA for more gains.


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Woodies Pivot(Major)
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major European Indices 



