AUD/USD chart - Trading View
Spot Analysis:
AUD/USD was trading at 0.7587 at around 04:45 GMT, with session high at 0.7595 and low at 0.7572
Previous Week's High/ Low: 0.7616/ 0.7477
Fundamental Overview:
Fresh covid woes from Australia, Japan and the UK also favor the US dollar and weigh on the antipodeans.
Australia lowered its projections on Sunday for population and economic growth over the next 40 years due to the impact of the COVID-19 pandemic, Reuters news, citing extracts of Aussie “intergenerational report".
Focus on Fedspeak in the US session. Should the Fed policymakers raise doubts over their “transitory” outlook for inflation fears, USD could garner further traction, weighing on the pair.
Technical Analysis:
AUD/USD consolidates above 200-DMA, extends gains for the 6th straight session
The pair has ignored 'Inverted Hammer' formation in the previous session
MACD is on verge of bullish crossover on signal line
GMMA indicators shows bullish shift on the intraday charts
Major Support and Resistance Levels:
Support - 0.7571 (200H MA), 0.7557 (200-DMA), 0.7475 (Lower BB)
Resistance - 0.7634 (21-EMA), 0.7656 (110-EMA), 0.7680 (55-EMA)
Summary: Coronavirus (COVID-19) resurgence in Australia is likely to keep the pair depressed. Price action is likely to consolidate above 200-DMA. Technical bias is neutral. Breach below 200-DMA will see more downside.


EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro- Major US Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 



