FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro:USD/JPY hovers near a four-decade low 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: USD/CNY edges higher but bulls lack punch 
Chart - Courtesy Trading View
AUD/USD was trading 0.15% higher on the day at 0.6801 at around 04:25 GMT. The pair picks up bids amid easing fears of hawkish Fed rate hikes. Further, China’s readiness for more stimulus which triggered optimism in the markets favor buyers in the pair.
Technical Analysis:
- AUD/USD extends break above 5-DMA, price action has edged above 200H MA
- Stochs show bullish rollover from oversold levels
- MACD is on verge of bullish crossover on signal line
- Bullish RSI divergence on the daily charts adds to the upside bias
Major Support Levels:
S1: 0.6782 (200H MA)
S2: 0.6770 (5-DMA)
Major Resistance Levels:
R1: 0.6849 (21-EMA)
R2: 0.6975 (55-EMA)
Summary: AUD/USD poised for more gains. Major trend remains bearish. That said, decisive break above 21-EMA could change near-term dynamics.
