GBPJPY Slips After Sterling Weakness, Bears Eye 216 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: AUD/USD dips after RBA Governor speech 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: NZD/USD edges lower, remains on back foot 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: USD/ZAR retreats but trend is still bullish 
AUD/USD chart - Trading View
Antipodeans withdrew sharply overnight from multi-month peaks after the Reserve Bank of Australia (RBA) stepped in to defend its yield target.
The RBA offered to buy A$1 billion of its targeted April 2024 government bond, pulling the yield back down to 0.14%, after it had strayed as high as 0.21% - against a target of 0.1%.
Commodity prices cooled and as a sharp sell-off in Antipodean bond markets eased, the antipodeans cooled from red hot levels.
Technical Analysis:
- AUD/USD was consolidating previous session's slump, was trading 0.11% higher at 0.7474 at around 04:30 GMT
- Upside has paused shy of 200-DMA resistance
- Oscillators are at overbought levels with scope for bearish rollover
- Price action is holding above 200H MA for now, major trend is still biased higher
Major Support and Resistance Levels:
Support: 0.7425 (200H MA), Resistance: 0.7561 (200-DMA)
Summary: AUD/USD trades neutral for the day. Any breach below 200H MA could see more weakness. Bullish continuation only on decisive break above 200-DMA.
