FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD struggles to hold gains ahead of US jobs data 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
BTCUSD Recovers Amid Easing Tensions, But Resistance Looms 
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance 
Should I take zinc or eat oysters to ward off colds, boost my immune system or improve fertility? 
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9350 level 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
FxWirePro USD/JPY eases slightly ahead Of US June jobs report 
Chart pattern formed: Head & shoulder pattern with the 1st shoulder at 1.1143, 2nd one at 1.1052 and head at 1.1289 levels.
Candlestick formed: Bearish engulfing pattern at 1.0988 levels.
Prior to which shooting stars are formed at 1.1074 and 1.1062 levels consecutively (refer daily plotting).
Steep slumps are witnessed soon after bearish engulfing, the current prices have slid below DMAs, expect more dips on bearish DMA crossover.
For now, AUDNZD bearishness is backed by both leading & lagging oscillators on this timeframe.
The major trend of this pair has been downtrend that has gone into consolidation phase approximately from the last three years or so.
For now, upon failure swings near range resistance, trend back in range, expect the range bounded trend to persist as momentum indicators signal losing strength, current prices slid below EMAs.
Overall, as stated before the resumption of the major downtrend is very well visible, even if you witness any abrupt upswings, that shouldn’t be deemed as panicky buying sentiment.
Instead, tunnel spreads binary options strategy is advocated for the intraday speculative trades for bearish targets, use upper strikes at 1.0918 and lower strikes at 1.0823.
Alternatively, deploy short hedge using futures contracts of mid-month tenors with a view to arresting bearish risks upto 1.0730 levels.
These are the conviction trade and it is wise to jack up speculative leveraged positions in order to fetch exponential yields than the spot moves.
Currency Strength Index: FxWirePro's hourly AUD spot index is flashing at 73 levels (which is bullish), while hourly NZD spot index was at shy above 58 (bullish) while articulating (at 04:17 GMT). For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit:
