Chart - Courtesy Trading View
AUD/USD has erased early gains and was trading 0.07% higher at 0.6763 at around 06:45.
The pair has failed to extend upbeat Australia Employment data-led gains as higher-than-expected U.S. inflation stoked fears of aggressive Fed rate hikes and recession fears.
The Australian Bureau of Statistics has reported the Employment Change at 88.4k, beating expectations for an addition of 25k jobs,
Further, the Unemployment Rate has trimmed to 3.5%, much lesser than analysts forecasts at 3.8%.
AUD/USD trades with a bearish bias. Major and minor trend in the pair are bearish. Price action is below major moving averages which are trending lower.
Support levels - 0.6703 (Lower BB), 0.6648 (June 2020 low)
Resistance levels - 0.6764 (5-DMA), 0.6858 (21-EMA)
Summary: AUD/USD trades with a bearish bias. Scope for further downside. Test of new multi-year lows on cards.


FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CNY edges higher but bulls lack punch
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



