AUD/USD chart - Trading View
AUD/USD opens the week on a bearish note, investors turn pessimistic after China's technology sector crackdown.
The major was trading 0.19% lower on the day at 0.7348 at around 04:25 GMT, extending Friday's weakness.
US-China bilateral talks will be watched as tensions run high after Beijing imposed sanctions on seven Americans ahead of the bilateral talks.
Looming covid worries in Australia add to the bearish pressures for the pair as the nation sees no relief from the Delta covid variant flareups.
US New Homes Sales data will provide some fresh trading impetus. Wednesday’s FOMC decision will be the key event for the week.
The Fed is likely to shed some light on tapering, possibly in the final quarter of this year. Any hawkish hints will drag the pair lower.
Technical bias for the pair is bearish. Major supports on the downside lies at 21-month EMA at 0.7318 ahead of 200-week MA at 0.7229.
Break below 200-week MA will open downside. On the flipside, 200H MA is capping recovery attempts. Decisive break above could see some upside.


FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Major European Indices
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Woodies Pivot(Major) 



