GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
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FxWirePro:EUR/AUD eases but bullish outlook persists 
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FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
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FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
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FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
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CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
Chart - Courtesy Trading View
AUD/USD was trading 0.22% higher on the day at 0.7430 at around 07:15 GMT.
The pair has snapped a 4-day downside and edged higher, but recovery attempts lack traction.
Upside remains capped at 21-EMA, technical indicators support weakness in the pair.
Uncertainty regarding the release of the US Consumer Price Index (CPI) data later in the NY session keep investors wary.
The yearly US Consumer Price Index (CPI) is expected to print at 8.5%, much higher than the prior figure of 7.9%.
Core Consumer Price Index will likely increase by 0.47% in March, taking the year-on-year inflation rate higher by 20 basis points to 6.6%.
Higher US inflation print will force the Fed for a more aggressive tightening of monetary policy. The Fed has already announced seven interest rate hikes this year.
Stronger US dollar is likely to keep downside pressure in the pair. Decisive breakout above 20-DMA could change near-term dynamics.
Major trend remains bullish. Near-term weakness will see dip till 55-EMA at 0.7349. Break below finds major support at 200-DMA at 0.7294.
