FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff 
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700 
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K 
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: USD/JPY remains in familiar place on intervention threat 
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key 
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists 
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage 
Chart - Courtesy Trading View
AUD/USD was trading 0.12% higher on the day at 0.6929 at around 04:35 GMT.
Australia’s Roy Morgan Business Confidence index fell for the second straight month to lowest levels since September 2020.
Australia’s Business Confidence index printed at 97.3 for June, from 100.2 in the previous month.
Global rating agency S&P cuts Australia’s 2022 GDP forecast to to 3.6% (from 4% previously), 2023 projection is 2.8% (2.7% prior forecast).
The rating giant also expects further interest rate hikes to 1.75% this year, 2.5% in 2023, 2.75% in 2024 while a cut to 2.5% in 2025.
Technical Analysis:
- GMMA indicator shows major and minor trend are strongly bearish
- Momentum is bearish, volatility is high and rising
- Price action is below major moving averages which are trending lower
- ADX and MACD support weakness in the pair
Major Support Levels: 0.6850 (Monthly low), 0.6782 (Lower BB)
Major Resistance Levels: 0.6947 (200H MA), 0.7001 (21-EMA)
Summary: AUD/USD was trading with a bearish bias. Scope for test of trendline support at 0.6855. Bearish invalidation above 21-EMA.
