AUD/USD chart - Trading View
AUD/USD extends weakness for the 4th straight session, slips below 21-EMA support.
Aussie under pressure after Westpac, one of the big four Australia banks, brings forward the timing of the next RBA rate cut.
Westpac now expects the RBA to deliver a 25 bps rate cut in October compared to the previous forecast in November.
Australia's Composite PMI for July showed employment decreased for the first time since April and to the greatest extent since May 2016, adding to downward pressure on the pair.
The major has retraced break above 200H SMA, volatility is rising on the intraday charts.
Technical indicators are turning bearish. RSI slips below 50 and Stochs are on verge of rollover from oversold.
Bears eye 50-DMA at 0.6956. Break below cloud will accentuate weakness. Bearish invalidation only above 200-DMA.
Support levels - 0.6956 (50-DMA), 0.6927 (cloud base), 0.69
Resistance levels - 0.70, 0.7024 (converged 5-DMA and 110-EMA), 0.7075 (trendline)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major Crypto levels and bias summary
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: USD/ZAR edges higher, set to stay on back foot
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Crypto levels and bias summary 



