AUD/USD chart - Trading View
AUD/USD fails to build on gains amid rise in iron ore futures, bias remains bearish.
Dalian iron ore futures rose 3.3 percent to 727.5 yuan ($105.34) a tonne, hitting record highs.
Aussie on the defensive after weak Aussie construction sector data which further strengthens the case for an RBA rate cut in June.
Australia Construction Work Done (Q1), a key metric that feeds directly into the GDP missed estimates.
Construction work contracted 1.9% in Q1 2019, the data released by the Australian Bureau of Statistics showed.
AUD/USD trades with a major bearish bias, upside remains capped at 5-DMA.
Strong trendline support seen at 0.6850. Break below eyes 88.6% Fib at 0.6807.
Support levels - 0.6850 (trendline), 0.6807 (88.6% Fib)
Resistance levels - 0.6886 (5-DMA), 0.6968 (21-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 



