• Australian dollar held steady on Friday as softer dollar and easing global trade tensions supported Australian dollar.
• Investors reacted positively to the U.S.-China trade truce, seeing it as a major step in lowering the threat of a worldwide recession.
• The Market focus now turns to next week’s Reserve Bank of Australia policy decision.
•The Reserve Bank of Australia is set to cut its key interest rate by 25 basis points on Tuesday, with two additional cuts expected later this year, as core inflation stays within the target range amid growth concerns driven by trade tensions.
• At GMT 05:28, the Australia dollar was up 0.35% to 0.6428 against the US dollar.
• Immediate resistance is located at 0.6462(May 12th high), any close above will push the pair towards 0.6505(Higher BB).
• Support is seen at 0.6361(38.2%fib) and break below could take the pair towards 0.6333(Lower BB).
Recommendation: Good to buy around 0.6410 with stop loss of 0.6360 and target price of 0.6500


JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
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:GBP/AUD slips as markets assess Burnham's rise to UK premiership
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD falls as investors assess Britain's political transition 



