FxWirePro: USD/CNY sees some bounce after yesterday's fall 
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook 
FxWirePro: USD/JPY slips as yen firms after hot Japan's wholesale inflation data 
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data 
JPY Major Currency Score: All Bearish 
FxWirePro: USD/ZAR bearish again as upside bias reverses 
FxWirePro: USD/CAD maintains bullish bias with focus on 1.4000 
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level 
AUDJPY Trades in Narrow Range, Bearish Indicators Suggest Selling on Rallies 
FxWirePro: GBP/USD gains some upside momentum but still bearish 
FxWirePro- Woodies Pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon 
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data 
NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend 
FxWirePro- Major Crypto levels and bias summary 
Add as a preferred source on Google
AUD/USD chart - Trading View
Spot Analysis:
AUD/USD was trading at 0.7587 at around 04:45 GMT, with session high at 0.7595 and low at 0.7572
Previous Week's High/ Low: 0.7616/ 0.7477
Fundamental Overview:
Fresh covid woes from Australia, Japan and the UK also favor the US dollar and weigh on the antipodeans.
Australia lowered its projections on Sunday for population and economic growth over the next 40 years due to the impact of the COVID-19 pandemic, Reuters news, citing extracts of Aussie “intergenerational report".
Focus on Fedspeak in the US session. Should the Fed policymakers raise doubts over their “transitory” outlook for inflation fears, USD could garner further traction, weighing on the pair.
Technical Analysis:
AUD/USD consolidates above 200-DMA, extends gains for the 6th straight session
The pair has ignored 'Inverted Hammer' formation in the previous session
MACD is on verge of bullish crossover on signal line
GMMA indicators shows bullish shift on the intraday charts
Major Support and Resistance Levels:
Support - 0.7571 (200H MA), 0.7557 (200-DMA), 0.7475 (Lower BB)
Resistance - 0.7634 (21-EMA), 0.7656 (110-EMA), 0.7680 (55-EMA)
Summary: Coronavirus (COVID-19) resurgence in Australia is likely to keep the pair depressed. Price action is likely to consolidate above 200-DMA. Technical bias is neutral. Breach below 200-DMA will see more downside.
