- AUD/NZD is extending weakness below major EMAs, intraday bias bearish.
- The pair is trading 0.14% lower on the day, momentum studies are highly bearish.
- Upside remains capped below 5-DMA which is immediate resistance at 1.0558.
- Technical indicators are biased lower, we see scope for further downside.
- Next bear target lies at 1.0485 (major trendline). Violation there could see further weakness.
- Focus this week will be RBA Lowe's speech on Wednesday after last week's dovish showing from the RBA.
- On the data front we have Australia’s business confidence, consumer sentiment and home loan approvals which could impact price action.
Support levels - 1.0485 (major trendline), 1.0475 (88.6% Fib), 1.0396 (July 7 low)
Resistance levels - 1.0558 (5-DMA), 1.0567 (78.6% Fib), 1.0627 (21-EMA)
Recommendation: Good to short rallies around 1.0540/50, SL: 1.0630, TP: 1.05/ 1.0485/ 1.04
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



