FxWirePro- Major Crypto levels and bias summary 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
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FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data 
FxWirePro: EUR/AUD downward momentum remains in place 
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FxWirePro: USD/JPY remains in familiar place on intervention threat 
Chart - Courtesy Trading View
AUD/USD was trading 0.32% higher on the day at 0.6368 at around 04:20 GMT.
The pair has edged higher from session lows at 0.6324, eyes to retake 0.64 handle.
Australian dollar has largely ignored softer than expected China PMI data and remains bid after upbeat Aussie trade numbers.
China’s Caixin Services PMI for October slipped to the lowest level in five months, printing at 48.4 versus 49.3 prior.
On the other side, Australia’s trade surplus increased to 12,444M In September versus 8,850M expected and 8,324M prior.
Details of the report showed Exports rallied by 7.0%, compared to 2.6% prior. However, Imports dropped to 0.4% versus 4.5% prior.
Escalating geopolitical tensions between North Korea and Japan join the risk-negative covid news from China to dent risk sentiment.
Also, Fed’s readiness for further rate hikes as suggested by Powell's hawkish comments, keep check on gains.
Technical Analysis:
- GMMA indicator shows major trend is bearish, while minor trend is turning bearish
- Recovery remains capped below 21-EMA and 5-DMA
- Momentum is bearish, Stochs are biased lower, RSI is below 50
- Bullish Stochastics divergence on the daily charts keeps scope for upside
Major Support Levels: 0.6339 (20-DMA), 0.6198 (Lower BB)
Major Resistance Levels: 0.6395 (21-EMA), 0.6480 (Upper BB)
Summary: AUD/USD was trading with a bearish bias. Recovery attempts lack traction. Price action is holding 20-DMA support, break below will see more downside.
