FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD advances on steady UK GDP growth 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro: USD/CNY downside pressure builds, key support level In focus 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
AUD/USD chart - Trading View
Spot Analysis:
AUD/USD was trading 0.12% lower on the day at 0.7336 at around 06:30 GMT
Previous Week's High/ Low: 0.7426/ 0.7329
Previous Session's High/ Low: 0.7355/ 0.7315
Fundamental Overview:
AUD/USD failed to capitalize on the previous day's modest bounce. Rising bets for an earlier Fed taper continued underpinning the USD and capped gains.
Worries about the potential economic fallout from the spread of the highly contagious Delta variant of the coronavirus keeps the antipodeans depressed.
Investors now await the monthly U.S. personal consumption report due at 1230 GMT that could influence the Fed's timeline to taper monetary support.
USD could get a further boost from an upbeat inflation reading, adding to expectations of policy tightening.
Technical Analysis:
- AUD/USD upticks were rejected at 21-EMA
- Death Cross keeps upside limited
- Momentum is bearish, Stochs and RSI are sharply lower
- MACD is below zero, ADX supports weakness
- GMMA indicator shows major and minor trend are bearish
Major Support and Resistance Levels:
Support - 0.7307 (110-week EMA), Resistance - 0.7350 (5-DMA)
Summary: AUD/USD trades with a strong bearish bias. Break below 110-week EMA at 0.7307 will plummet prices. Next major bear target lies at 200-week MA at 0.7224.
