AUD/USD chart - Trading View
AUD/USD was trading 0.02% lower on the day at 0.7422 at around 04:00 GMT, outlook bearish.
The pair was extending previous session's weakness and is on track to test 61.8% Fib at 0.7379.
Selling pressure continues among the antipodeans as risk sentiment deteriorates in the Asian session.
On the data front overnight, US Initial Jobless Claims rose unexpectedly to 373 K, above the market expectations at 350K.
Increasing corona cases in the Asia-Pacific and concern regarding the rising Delta variant COVID-19 infections keep markets depressed.
Major Support Levels:
S1: 0.74 (Psychological mark)
S2: 0.7379 (61.8% Fib)
S3: 0.7301 (110-week EMA)
Major Resistance Levels:
R1: 0.7468 (5-DMA)
R2: 0.75 (200H MA)
R3: 0.7542 (21-EMA)
Summary: AUD/USD trades with a bearish bias. The pair is set to extend downside as antipodeans lose ground amid worsening risk appetite.
Technical bias for the pair is strongly bearish. Price action has slipped below 55-week EMA and is on track to test 61.8% Fib at 0.7379.


FxWirePro- Woodies pivot (Major)
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/AUD gains some upside momentum but still bearish
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 



