FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
GBPJPY Slips After Sterling Weakness, Bears Eye 216 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
JPY Action Bias: Bullish Pairs to Watch Out For 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
Chart - Courtesy Trading View
AUD/USD was trading 0.06% higher on the day at 0.7106 at around 07:30 GMT.
The pair has slipped lower from session highs at 0.7119, upside remains capped at 5-DMA.
Major trend in the pair is bearish, GMMA indicator shows strong bearish bias on the daily and weekly charts.
Price action is extending weakness below 200-week MA, MACD and ADX show downside support on the weekly charts.
Oscillators are at oversold levels, but no signs of reversal seen, scope for further downside.
Volatility is high and rising as evidenced by widening Bollinger bands. Scope for test of major trendline support at 0.7060.
Major Support Levels:
S1: 0.7060 (Trendline)
S2: 0.7051 (38.2% Fib)
Major Resistance Levels:
R1: 0.7117 (5-DMA)
R2: 0.7170 (200H MA)
Summary: AUD/USD is trading with a bearish bias. 38.2% Fib at 0.7051 in sight. Bearish invalidation only on retrace above 200-week MA.
