JPY Action Bias: Bullish Pairs to Watch Out For 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: GBP/AUD bears maintain upper hand 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
Chart - Courtesy Trading View
AUD/USD was trading 0.12% higher on the day at 0.6929 at around 04:35 GMT.
Australia’s Roy Morgan Business Confidence index fell for the second straight month to lowest levels since September 2020.
Australia’s Business Confidence index printed at 97.3 for June, from 100.2 in the previous month.
Global rating agency S&P cuts Australia’s 2022 GDP forecast to to 3.6% (from 4% previously), 2023 projection is 2.8% (2.7% prior forecast).
The rating giant also expects further interest rate hikes to 1.75% this year, 2.5% in 2023, 2.75% in 2024 while a cut to 2.5% in 2025.
Technical Analysis:
- GMMA indicator shows major and minor trend are strongly bearish
- Momentum is bearish, volatility is high and rising
- Price action is below major moving averages which are trending lower
- ADX and MACD support weakness in the pair
Major Support Levels: 0.6850 (Monthly low), 0.6782 (Lower BB)
Major Resistance Levels: 0.6947 (200H MA), 0.7001 (21-EMA)
Summary: AUD/USD was trading with a bearish bias. Scope for test of trendline support at 0.6855. Bearish invalidation above 21-EMA.
