FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro:EUR/AUD eases but bullish outlook persists 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Pair levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD moves lower on weak UK data 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Crypto levels and bias summary 
Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Near-term moving averages are bearish, long-term moving averages are turning bearish
Ichimoku Analysis
- Price action is holding support at daily cloud
- Chikou span is biased lower
Oscillators
- Stochs are RSI are biased lower, momentum is bearish
- RSI is below 50 mark, while Stochs are in oversold territory
Bollinger Bands
- Bollinger Bands are spread wide apart, indicating high volatility
Fundamental Overview:
AUD/USD is likely to be dragged lower by U.S. dollar strength. Dollar was set for its best week in five months.
U.S. inflation data released on Wednesday showed that the US CPI grew 6.2% y/y and 0.9% m/m in October, while the core CPI rose 4.6% y/y and 0.6% m/m.
Investors are now pricing the first rate hike by July 2022 and another by December of that year, according to Reuters data.
Focus now on inflation readings from a University of Michigan survey, along with JOLTS job openings data later in the day for further impetus.
New York Fed President John Williams is scheduled to speak at an online conference, which could provide clues to the Fed’s reaction to high inflation.
Major Support Levels: 0.7285 (cloud base), 0.7245 (Rising trendline)
Major Resistance Levels: 0.7341 (5-DMA), 0.7394 (200H MA)
Summary: AUD/USD pivotal at cloud support. Decisive break below will drag the pair lower. Scope for test of 0.7245.
