FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
Chart - Courtesy Trading View
Spot Analysis:
AUD/USD was trading 0.41% lower on the day at 0.7109 at around 08:50 GMT.
Previous Week's High/ Low: 0.7187/ 0.6967
Previous Session's High/ Low: 0.7168/ 0.7109
Fundamental Overview:
The Australian dollar came under some selling on Friday after RBA minutes indicated a patient approach.
The Reserve bank of Australia, in the Statement on Monetary Policy (SoMP) earlier on Friday, said that the board is prepared to be patient amid significant uncertainties surrounding the inflation outlook.
On the other hand, the US dollar remains volatile as market participants await the release of the US monthly jobs data.
US NFP is expected to show that the economy added 150K jobs in January, down from the 199K reported in the previous month.
Any disappointment in data would weigh on the already weaker USD and support the pair higher.
Technical Analysis:
- Upside in the pair has been capped at 12-EMA and daily cloud base
- Back-to-back Spinning top and Doji formations at highs keeps scope for downside
- The pair is trading shy of 200H MA support on the intraday charts
- RSI has turned and is below the 50 mark. MACD and ADX support downside
Major Support and Resistance Levels:
Support - 0.7097 (200H MA), Resistance - 0.7143 (21-EMA)
Summary: AUD/USD bias remains bearish as long as pair holds below 21-EMA resistance. Watchout for break below 200H MA for further weakness.
