AUD/USD short covering pushes the pair above 0.72 handle, next resistance is seen at 0.7240.
- The pair is approaching channel top, we would recommend booking profits on our earlier call and shorting rallies to enter again
- 0.7240 is strong resistance area, 20-day MA comes in at 0.7239 while 50% of 0.7386/0.7097 at 0.7241
- There is no specific catalyst for the break higher, calm equity and commodity markets encouraging carry trades
- Momentum is higher, AUD could see further gains, break above 0.7240 could see the pair at 0.7275 (61.8% Fib of 0.7385-0.7096 fall)
Recommendation:
- Our previous call has achieved targets - we recommend booking full profits
- Enter fresh shorts at 0.7225, SL: 0.7245, TP1: 0.7160, TP2: 0.71


GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: AUD/USD drifts back to familiar territory post-US CPI
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
JPY Majors Currency Score (15 min): NZDJPY Crashes to Extreme Bearish -100, CHFJPY Turns Sharply Bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD risks tilt further to the downside
JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: NZD/USD drifts lower as markets await US inflation data
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish 



