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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro: AUD/USD eases slightly but trend is still bullish 
AUD/NZD bears unable to push the pair below 1.0707 (a double bottom tested on 9th and 10th Dec).
- Price action has re-entered hourly cloud and on the day AUD/NZD has been supported by cloud base at 1.0728, daily Stochs are in an oversold zone and will see some unwinding soon.
- A close above the 200-DMA at 1.0823 would be very encouraging, bulls could then take the pair to 1.10 and further above to 1.1260.
- However the prospect of the AUD starting to trend higher are becoming increasingly remote, multi-year lows for oil and iron ore, culminating in 13-yr lows for the broader CRB index, are additional AUD headwinds.
- Breaks below 1.0707 could see the pair test trendline support at 1.0620
Resistance Levels:
R1: 1.0785 (Session high Dec 11)
R2: 1.0823 (200 DMA)
R3: 1.0843 (Dec 10 high)
Support Levels:
S1: 1.0728 (Cloud base)
S2: 1.0707 (double bottom tested on 9th and 10th Dec)
S3: 1.0620 (trendline support)
