- Sentiment among commodities continued to improve underpinning the resource-linked Aussie.
- AUD ignored weak Q3 construction work data released earlier today which adds to evidence that the economy hit a soft spot in the middle of 2016.
- AUD/USD is currently trading at 0.7433, 0.49% higher on the day, intraday bias higher.
- The pair finds major support at 0.7386 (converged 78.6% Fib and 5-DMA).
- Major support levels - 0.74, 0.7386 (5-DMA & 61.8% Fib), 0.7311 (Nov 21 low), 0.7280 (78.6% Fib)
- Major resistance levels - 0.7461 (50% Fib), 0.7467 (10-DMA), 0.75, 0.7517 (200-DMA)
Recommendation: Good to go long on dips around 0.7410/20, SL: 0.7360, TP: 0.7460/ 0.75/ 0.7515/ 0.7560.
FxWirePro's Hourly AUD Spot Index was at 146.985 (Highly bullish), while Hourly USD Spot Index was at -1.39567 (Neutral) at 0530 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Major European Indices
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



