FxWirePro-Major European Indices 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought 
FxWirePro: USD/JPY extends fall as yen rises on intervention fears 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD loses momentum but bullish setup remains 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: GBP/USD advances on steady UK GDP growth 
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 
FxWirePro:EUR/AUD eases but bullish outlook persists 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 
AUD/USD chart - Trading View
Spot Analysis:
AUD/USD was trading 0.68% lower on the day at 0.7430 at around 08:45 GMT
Previous Week's High/ Low: 0.7601/ 0.7444
Previous Session's High/ Low: 0.7533/ 0.7462
Fundamental Overview:
COVID-19 jitters amid rising cases of the Delta variant and the resulting risk-off mood weighed on the antipodeans.
Focus on US Initial Weekly Jobless Claims data, due for release later during the early North American session for impetus.
US bond yields and the broader market risk sentiment will influence the USD price dynamics and AUD/USD price action.
Technical Analysis:
- Price action has shown a decisive break below 200-DMA
- MACD is well below the zero mark and ADX also supports downside
- The pair has slipped below 55-week EMA and into the weekly cloud
- GMMA indicator shows near-term trend has turned bearish
Summary: AUD/USD trades with a bearish bias. Scope for test of 61.8% Fib at 0.7379. Bearish invalidation only above 200-DMA.
