AUD/USD spiked to hit session highs at 0.7041 on upbeat Q4 CPI data, which came in at 0.4% q/q above expectations for 0.1% rise.
- The pair has since given up most of the gains, but is still holding above the 0.70 handle, trading at 0.7012 as we write.
- We see a positive 5&10 DMA cross over and RSI is at 46 with room to run. MACD also indicates gains.
- Weakness in the pair is only below 0.6920 (trendline support), breaks below could test 0.6828 levels.
- On the upside immediate hurdle is seen at 0.7021 (Jan 26 highs), and then 0.7031 (Jan 25th highs).
- Developments in China and oil will dictate further price action in the pair, there is scope for test on 0.7045.
Recommendation: Good to buy dips around 0.70 levels, SL: 0.6950, TP: 0.7045/60


Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro:NZD/USD continues to recovers , upside pressure builds
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/NZD reverses course, bias back to downside 



