AUD/USD rebounded strongly towards 0.7240 earlier in US session. However, the pair turned back after failing to break resistance level at 0.7240, as the Aussie ran out of strength against US dollar. The pair has to close above 0.7350 in order to find any bullish momentum unless until the pair remains under bears control.
- To the upside, the strong resistance can be seen at 0.7240, a break above this level would take the pair towards next resistance level at 0.7275.
- To the downside immediate support can be seen 0.7175, a break below this level will open the gates towards next level at 0.7150.
Recommendation: Go short below 0.7240, targets 0.7190, 0.7160, SL 0.7310
Resistance Levels
R1: 0.7240 (61.8% Retracement level)
R2: 0.7275 (Oct 21st high)
R3: 0.7300 (Oct 20th high)
Support Levels
S1: 0.7175 (61.8 % Retracement level)
S2: 0.7150 (Oct 7th lows)
S3: 0.7120 (38.2% Retracement level)


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Woodies Pivot(Major)
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 



