• The AUD/USD climbed on Thursday as easing tensions in the Middle East boosted risk appetite, prompting investors to move into higher-yielding assets like the Australian dollar.
• Global markets found relief this week after a ceasefire between Israel and Iran eased fears of potential disruptions to the global oil supply.
• Markets have grown increasingly confident that the Reserve Bank of Australia (RBA) will begin easing monetary policy as early as next month, with current pricing indicating an 80% probability of a 25 basis point rate cut in July.
• Traders are forecasting a cumulative 73 basis points of rate cuts by the end of the year, reflecting expectations that the RBA will need to act more aggressively to support growth and steer inflation back within its target range.
• Immediate resistance is located at 0.6542(23.6%fib), any close above will push the pair towards 0.6556(Higher BB).
• Support is seen at 0.6493(SMA20) and break below could take the pair towards 0.6426(38.2%fib).
Recommendation: Good to buy around 0.6500 with stop loss of 0.6490 and target price of 0.6600


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
CAD/JPY Surges on Broad-Based Canadian Dollar Buying 



