Chart - Courtesy Trading View
AUD/USD was trading 0.37% lower on the day at 0.6698 at around 06:45 GMT, extends previous session's slump.
The pair has refreshed monthly low below 0.6700 amid geopolitical tensions and rising hawkish Fed bets.
The US Dollar follows firmer yields, picks up bids amid hawkish concerns surrounding the US Federal Reserve (Fed) and geopolitical fears.
Fed fund futures have now risen above 5.30%, versus 5.10% expected by the US central bank in December.
On the Australia front, recession fears are rising as inflation shows no signs of slowing, bolstering the case of further policy tightening by the Reserve Bank of Australia (RBA).
Major focus will be on this week's Australia’s Q4 Gross Domestic Product (GDP) numbers seen higher at 0.9% vs. the former release of 0.6%.
A higher-than-projected Australia GDP will accelerate troubles for the RBA as higher activity numbers will favor further hikes.
Support levels:
S1: 0.6663 (50% Fib)
S2: 0.6547 (61.8% Fib)
Resistance levels:
R1: 0.6724 (Cloud base)
R2: 0.6797 (200-DMA)
Summary: AUD/USD trades with a bearish technical bias. Close below 200-DMA and daily cloud has opened downside. Scope for test of 61.8% Fib at 0.6547.


FxWirePro: USD/CAD recovers slightly but trend is still bearish
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Woodies Pivot(Major)
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro-Major European Indices
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/JPY catches bid ahead of BoJ meeting 



