- Risk-on persists in full swing, underpinning sentiment around higher-yielding currencies such as the AUD.
- Broad-based US dollar weakness also aids the ongoing recovery in the Aussie.
- Focus today remains RBA Kent’s speech later in the European session ahead of the US economic data due to be reported in the NA session.
- Technically we fell upticks should be used as opportunities to go short.
- Intraday we see some upside in the pair. A reversal intrend can be seen only on break out above 0.7461 (50% Fib).
- Major support levels - 0.7386 (61.8% Fib), 0.7311 (Nov 21 low), 0.7280 (78.6% Fib)
- Major resistance levels - 0.74, 0.7461 (50% Fib), 0.7486 (10-DMA)
Recommendation: We would wait for upticks to go short.
FxWirePro's Hourly AUD Spot Index was at -16.4071 (Neutral), while Hourly USD Spot Index was at 27.4778 (Neutral) at 0515 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally 



