AUD/USD chart - Trading View
AUD/USD was trading marginally higher at 0.6082 at around 04:20 GMT, bias is turning bearish.
Earlier today, Australia’s Q1 NAB Business Confidence and Business Conditions flashed disappointing numbers, dropped to -11 from -2 prior. The Business Conditions also slumped from 8 previous to -4.
Further, Moody’s downgraded its outlook for the Australian banking sector from stable to negative, citing the "broad and growing scope of economic and market disruption from the coronavirus outbreak".
The pair has been rejected at 21-EMA and is consolidating losses below 5-DMA, scope for further downside.
Major trend has been strongly bearish and short-term moving averages on the GMMA indicator are also turning bearish.
Technical indicators do not support weakness yet, but break below 200H MA support will change near-term dynamics.
US Jobless Claims will be the key to follow for near-term direction ahead of tomorrow’s US NFP.
Support levels - 0.6019 (200H MA), 0.5866 (23.6% Fib)
Resistance levels - 0.6124 (5-DMA), 0.6158 (21-EMA)
Guidance: Stay short on break below 200H MA (0.6019), SL: 0.6125, TP: 0.5875


FxWirePro: AUD/USD consolidates gains ,remains on positive footing
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro- Major European Indices
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro: USD/JPY dips below lower range, bearish bias increases
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: GBP/NZD edges higher but bearish outlook persists
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary 



