AUD/USD chart - Trading View
AUD/USD opens the week on a bearish note, investors turn pessimistic after China's technology sector crackdown.
The major was trading 0.19% lower on the day at 0.7348 at around 04:25 GMT, extending Friday's weakness.
US-China bilateral talks will be watched as tensions run high after Beijing imposed sanctions on seven Americans ahead of the bilateral talks.
Looming covid worries in Australia add to the bearish pressures for the pair as the nation sees no relief from the Delta covid variant flareups.
US New Homes Sales data will provide some fresh trading impetus. Wednesday’s FOMC decision will be the key event for the week.
The Fed is likely to shed some light on tapering, possibly in the final quarter of this year. Any hawkish hints will drag the pair lower.
Technical bias for the pair is bearish. Major supports on the downside lies at 21-month EMA at 0.7318 ahead of 200-week MA at 0.7229.
Break below 200-week MA will open downside. On the flipside, 200H MA is capping recovery attempts. Decisive break above could see some upside.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



