AUD/USD chart on Trading View used for analysis
- AUD/USD pauses upside and retreats below 5-DMA, as Aussie depressed by downbeat China data.
- Data released earlier today showed China's industrial profits dropped for the 1st time in 3 years.
- China’s industrial profits for December fell to -1.8% y/y versus 3.6% previous.
- Downbeat data reflects the slowing growth in sales and producer prices as well as rising costs.
- AUD/USD edges lower from session highs at 0.7077, currently trades at 0.7058, bias neutral.
- Major trend bearish. Next major support lies at 0.7021 (Oct 26 low)
Support levels - 0.7021 (Oct 26 low), 0.70
Resistance levels - 0.7063 (5-DMA), 0.71
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro- Major Crypto levels and bias summary
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Urban studies: Doing research when every city is different
2025 Market Outlook: Key January Events to Watch
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
US Gas Market Poised for Supercycle: Bernstein Analysts
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 



