USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro- Major European Indices 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
FxWirePro- Major Crypto levels and bias summary 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD remains bullish as rally continues 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
AUD/JPY chart - Trading View
Spot Analysis:
AUD/JPY was trading 0.58% lower on the day at 80.96 at around 08:15 GMT
Previous Week's High/ Low: 81.65/ 79.83
Previous Session's High/ Low: 81.51/ 80.77
Fundamental Overview:
Markets remain risk-off amid negative coronavirus headlines from Australia. The new Delta variant cases continue to rise causing concerns about potential lockdowns.
On the data front, China’s Industrial Profits for June eased from 36.4% to 20.00% YoY, exerting additional downside pressure on the AUD.
Risk-off and poor China data weigh on the pair, dragging it lower.
Technical Analysis:
- Price action has broken below 200-DMA support
- GMMA indicator shows major and minor trend are bearish
- Momentum is with the bears, Stochs and RSI are biased lower
- Volatility is high and rising as evidenced by widening Bollinger bands
Major Support and Resistance Levels:
Support - 80.38 (55-week EMA), Resistance - 81.24 (200-DMA)
Summary: Recovery attempts failed to extend break above 200-DMA. Price action is below cloud and major moving averages. The pair eyes next major support at 80.38, break below will see dip till 50% Fib at 79.47.
