• AUD/USD dollar edged lower on Monday as investors digested mixed economic data from China and awaited Tuesday's Reserve Bank of Australia (RBA) policy decision.
•Data from China the largest trading partner of Australia showed stronger-than-expected industrial output in April despite steep U.S. tariffs. However, retail sales fell short of forecasts, indicating continued weakness in consumer spending.
• Chinese Industrial output grew 6.1% from a year earlier, National Bureau of Statistics (NBS) data showed on Monday, slowing from 7.7% in March but beat a forecast.
• Retail sales, a measure of consumption, rose 5.1% in April, down from a 5.9% increase in March, and missed forecasts for a 5.5% expansion. The NBS data also showed the unemployment rate fell to 5.1% from 5.2% in March.
• The Reserve Bank of Australia will decide its monetary policy on Tuesday. Markets are fully pricing in a 25 basis point cut from the 4.10% cash rate.
• Immediate resistance is located at 0.6437(23.6%fib), any close above will push the pair towards 0.6458(May 15th high).
• Support is seen at 0.6375(38.2%fib) and break below could take the pair towards 0.6326(Lower BB).
Recommendation: Good to buy around 0.6380 with stop loss of 0.6310 and target price of 0.6450


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
Bitcoin Holds Above $65K as Institutional Inflows Resume; Buy Dips Near $64K
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish
FxWirePro: GBP/USD falls as investors assess Britain's political transition
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro:USD/JPY hovers near 40-year, bias bullish
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro- Woodies pivot (Major) 



