AUD/USD chart on Trading View used for analysis
- AUD/USD catches a mild bounceback, extends upside for 3rd straight session.
- The minor recovery from the fresh 2018 lows near 0.7040 could extend upto 21-EMA at 0.7168.
- Breakout at 21-EMA finds next major resistance at 55-EMA at 0.7247. We see bearish invalidation on breakout above.
- However, the major trend in the pair remains bearish and we do not see any signs of major reversal.
- Minor rallies could be used as shorting opportunities. Breakout at 55-EMA will negate our bearish bias.
Support levels - 0.7086 (5-DMA), 0.7041 (Oct 8 lows), 0.7020 (channel base), 0.6976 (88.6% Fib)
Resistance levels - 0.7168 (21-EMA), 0.7247 (55-EMA), 0.7283 (cloud base)
Recommendation: We prefer to wait for reversal in minor trend to go short.


FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major Crypto levels and bias summary
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro- Major European Indices
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro- Major European Indices
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/USD stuck in range but maintains bearish bias 



