FxWirePro: GBP/AUD gains some upside momentum but still bearish 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
FxWirePro: USD/CAD slips after Fed holds rates steady 
FxWirePro : GBP/NZD strongly bearish despite upside attempts 
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data 
FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 
FxWirePro: USD/ CNY hits one-month low,scope for futher downside 
AUD/USD chart - Trading View
Technical Analysis: Neutral
GMMA Indicator
- Major trend is bullish on daily and weekly charts
- Minor trend has turned neutral on the daily charts
Ichimoku Analysis
- Price action is above daily and weekly cloud
- Chikou span has turned bearish on the daily charts
Oscillators
- Oscillators are in neutral territory
- RSI is flatlined above 50 and Stochs are biased higher on the daily charts
Bollinger Bands
- Bollinger bands are widespread and suggest high volatility
| Support | 0.7734 (200H MA) | 0.7693 (55-EMA) |
| Resistance | 0.7782 (20-DMA) | 0.7836 (88.6% Fib) |
Data Released:
China’s Retail Sales crosses 32.0% forecasts and 4.6% prior with 33.8% YoY figures for January
China's Industrial Production also rallied in January from 7.3% prior and 30% expected to 35.1% YoY
Summary: AUD/USD fades initial gains, pulls back from intraday highs at 0.7775 and was trading 0.7746 at around 05:05 GMT. US Treasury Secretary Janet Yellen rejected reflation fears during an interview with ABC. Further, US President Joe Biden’s comments suggesting strong ties with Asia-Pacific friends, including Australia keep sentiment buoyed. Today's calendar is devoid of any major data/events, sentiment to drive price action. Technical bias remains neutral.
