AUD/USD chart on Trading View used for analysis
- AUD/USD extends weakness as Aussie dented by broad-based risk-aversion.
- Technically, the major remains on a major downtrend. Trades in a falling Wedge pattern.
- Focus now turns to the US labor market report later on Friday at 1230GMT for the next direction on the spot.
- Price action is holding support at Wedge base at 0.7155, break below finds next strong support at 0.7145 (May 2016 low).
- On the flip side, 5-DMA is immediate resistance at 0.7258. Breakout at 50-DMA invalidates bearish bias.
Support levels - 0.7155 (Wedge base), 0.7160 (Dec 2016 low), 0.7145 (May 2016 low), 0.71
Resistance levels - 0.7186 (5-DMA), 0.7266 (21-EMA), 0.7348 (55-EMA)
Recommendation: Watch out for decisive break below Wedge base for further weakness. Target 0.7145/ 0.71.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -135.94 (Bearish), while Hourly USD Spot Index was at -1.50999 (Neutral) at 1200 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Woodies Pivot(Major)
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Woodies Pivot(Major)
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



