Technical Analysis:
- Bearish bias builds on AUD/USD intraday charts.
- The pair finds stiff resistance at 0.7350 (channel top).
- Price action is on the verge of break below channel base on 1H charts.
- 4H 200-SMA caps upside.
- Technical indicators have turned bearish on intraday charts.
Fundamental Factors:
- Data released earlier today showed Australia posted surprise trade surplus for first time in nearly three years.
- Focus now on nonfarm payrolls showdown tonight.
Important Levels:
- Support: 0.7305 (23.6% Fib), 0.7274 (20-DMA), 0.7226 (1H 200-SMA), 0.7160 (trendline)
- Resistance: 0.7348 (4H 200-SMA), 0.7355 (channel top), 0.7396 (38.2% Fib)
Call Update: Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-extends-upside-holds-above-5-DMA-471842) has achieved all targets.
Recommendation: Good to go short on rallies around 0.7325, SL: 0.7360, TP: 0.73/ 0.7275/ 0.7226/ 0.7160


FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro- Woodies pivot (Major) 



