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FxWirePro :GBP/AUD gains some ground but bias is still bearish 
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FxWirePro: EUR/AUD consolidating around 1.6285 room for further gains 
FxWirePro- Major pair levels and bias summary 
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- AUD/USD hovers around 5-DMA at 0.7552 after rejection at session highs at 0.7572.
- The pair is set to continue decline after rejection at major trendline at 0.76 on Jan 24.
- Rollover of Stochs from overbought zone with confirmation on MACD could accentuate weakness.
- Focus on major data lined up for this week which includes - US core PCE price index data, followed by the FOMC decision, China manufacturing PMI and US payrolls.
- Support levels - 0.7540 (61.8% Fib), 0.7527 (Jan 30 lows), 0.7499 (100-DMA), 0.7467 (50% Fib)
- Resistance levels - 0.7572 (session high), 0.76 (Jan 24 high), 0.7644 (78.6% Fib)
Call update: We had advised a short in our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-continues-declines-after-major-trendline-rejection-stay-short-511760). Recommend holding for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 32.51 (Neutral), while Hourly USD Spot Index was at 15.1084 (Neutral) at 0725 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
