FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
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FxWirePro- Major Pair levels and bias summary 
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Gold is trading slightly lower on strong US dollar.It is trading above $1230 as global stock market sell-off supports Yellow metal.
The major three factors that drive gold prices
US dollar Index: Bullish. DXY continues to trade higher for fifth consecutive day. It hits high of 96.73 and is currently trading around 96.64. The near term major resistance is around 97 and any break above targets 98/98.45 ( Slightly negative for gold).
USD/JPY: weak . The pair has declined slightly below 112 and is currently trading around 112.14. Any further weakness cane be seen below 111.50. The near term resistance is around 112.91 (20- day MA) and any break above targets 113.48/114. Slightly positive for gold.
US 10 year yield : US 10 year yield is trading slightly weak and has lost more than 2.5% yesterday.It is currently trading around 3.096%. Slightly positive for Gold.
US 2 year yield: It is trading slightly lower after hitting fresh high at 2.925% .The spread between US 10 year and 2 year has reduced from 33bpbs to 26bpbs.
Gold technical
Major support $1183
Major resistance - $1240
The yellow metal is has declined almost $10 after hitting high of $1239 on account of strong USD .On the higher side, any break above $1240 will take the commodity till $1265 .It should close above $1265 for bullish continuation.
The near term support is around $1218 (89- day EMA) and any violation below will drag the commodity down till $1211/$1204.
It is good to buy on dips around $1227-28 with SL around $1218 for the TP of $1250/$1265.
