Chart - Courtesy Trading View
AUD/USD was trading 0.37% higher on the day at 0.6975 at around 08:55 GMT
The pair is extending gains for the 2nd straight session, approaches 200H MA resistance
A rebound in the positive market sentiment has supported the antipodeans.
On the other side, uncertainty over Fed Powell’s testimony has kept the dollar index under pressure.
Traders focus will be on the guidance to be provided by Powell on upcoming monetary policy action.
Technical bias for the pair is turning slightly bullish. 5-DMA has turned. Price action edges closer to 200H MA resistance.
Major Support Levels:
S1: 0.69
S2: 0.6862 (Lower BB)
Major Resistance Levels:
R1: 0.6995 (200H MA)
R2: 0.7050 (21-EMA)
Summary: AUD/USD was trading with a major bearish bias, with signs of minor bullishness on the intraday charts. 21-EMA is major resistance at 0.7050, any bullish continuation only on break above.


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K 



