• AUD/ USD initially gained on Monday but gave up ground as market reacted to news of Scott Bessent being named the new U.S. Treasury Secretary.
•Bessent is expected by market participants to push a more phased implementation of trade tariffs and make efforts to rein in the U.S. budget deficit.
.• Looking ahead, Australia is set to release its monthly inflation data, with October's CPI expected to soften. There's a possibility that the trimmed mean core inflation could dip to the upper end of the Reserve Bank of Australia's 2-3% target range.
• At GMT 05:26, The Aussie was trading up 0.34% at 0.6518 further away from the recent three-month low of $0.6443 .
• Immediate resistance is located at 0.6583 (38.2%fib), any close above will push the pair towards 0.6612(50%fib).
• Support is seen at 0.6500 (Psychological level) and break below could take the pair towards 0.6473 (23.6%fib).
Recommendation: Good to sell around 0.6550, with stop loss of 0.6650 and target price of 0.645


FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major Crypto levels and bias summary
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro- Woodies Pivot(Major)
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 



