- AUD/USD bounces back from daily lows at 0.7380 as the extended risk-on rally in the equities continues to underpin market sentiment.
- Oil prices continue to move higher for the second consecutive day on Norway strike which also supports the resource-linked AUD.
- The pair trades at fresh session highs of 0.7409, having broken minor trendline support at 0.7395 on the 4 hourly charts.
- Broader market sentiment along with a fresh batch of US economic releases due later in the NA session with provide further clues on direction.
- Techs on 4 hourly charts support upside in the pair, Stochs and RSI are biased higher, MACD line shows a bullish crossover on signal line.
- The pair finds immediate support and resistance at 0.7380 (session lows) and 0.7438 (5-DMA).
Recommendation: Good to go long around 0.7395/0.74, SL: 0.7360, TP: 0.7440/ 0.7460


FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD under pressure as key support gives way
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 



