Major Pair Action Bias: Bullish Pairs to Watch Out For 
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FxWirePro- Major Pair levels and bias summary 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro- Major Pair levels and bias summary 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro- Woodies pivot (Major) 
Chart - Courtesy Trading View
AUD/USD was trading 0.06% lower on the day at 0.7220 at around 06:55 GMT, extending downside for the 3rd straight session.
The Australian dollar, which has also been dragged by
Perceptions of a dovish Reserve Bank of Australia (RBA) and broad-based USD strength likely to drag the pair lower.
US President Joe Biden reappointed Federal Reserve Chair Jerome Powell for a second term, strengthening bets for interest rate hikes.
Mixed PMIs from the Commonwealth Bank of Australia joined comments from RBA's Marion Kohler, to keep the Aussie depressed.
Further, fears of fresh US-China tussles as the US warships again sail on the sensitive Taiwan Strait on Tuesday dent investor sentiment.
Technical indicators for the pair support weakness. Momentum is strongly bearish. Volatility is high and rising.
Price action is below cloud and major moving averages and breach below major trendline support has added to the downside bias.
Market focus now on preliminary US PMIs for November ahead of Wednesday’s FOMC Minutes for fresh impetus.
