Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Urban studies: Doing research when every city is different 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
AUD/USD chart on Trading View used for analysis
- AUD/USD trades 0.69% lower on the day at 0.7032 at the time of trading.
- The pair has hit new multi-month lows, levels unseen since Feb 2016.
- Major trend remains bearish. Price action grinds lower in sloping channel pattern.
- Technical studies support further weakness. We see no signs of reversal in the pair.
- Next major support lies at 0.6975 (channel base), breach there will accentuate weakness.
- On the flip side, 21-EMA at 0.7112 is strong resistance. Break above to see further gains.
Support levels - 0.70, 0.6975 (channel base)
Resistance levels - 0.7067 (5-DMA), 0.7112 (21-EMA)
Recommendation: Good to stay short on upticks, SL: 0.7112, TP: 0.70/ 0.6975
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
