- AUD/USD paused downside at daily cloud at 0.7539 levels and bounced higher on Friday's trade.
- The pair is currently hovering around 1H 200-SMA at 0.7580 levels, bias higher on intraday charts.
- Technical indicators on weekly charts are highly bullish, scope for upside. Break above hourly 200-SMA could see upside till 0.7620 (trendline resistance).
- On the downside, we see weakness only on break below 200-DMA at 0.7531.
- The rebound in Australian job creation keeps the Reserve Bank of Australia (RBA) rate cut talk at bay.
- Focus this week on US Markit preliminary June PMIs and May New Home Sales for further impetus.
Support levels - 0.7539 (cloud top), 0.7530 (nearly converged 20 & 200-DMA), 0.7518 (38.2% Fib of 0.7328 to 0.7635 rally)
Resistance levels - 0.7564 (converged 5-DMA and 23.6% Fib), 0.76, 0.7620 (trendline)
Recommendation: Good to go long on break above 0.7580, SL: 0.7530, TP: 0.7620/ 0.7635/ 0.7680
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/JPY holding bid into weekend
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD under pressure as key support gives way 



