AUD/USD chart - Trading View
AUD/USD is consolidating previous session's losses, hovers around 21-EMA.
The Aussie remains largely unfazed by the mixed NAB Australian business survey.
Losses appear capped on the back of a rebound in the Chinese Yuan and firmer iron-ore prices.
Dalian iron ore jumps over 4% on supply risks and strengthening Chinese demand
Major trend is bearish and upside has been rejected at 55-EMA. 5-DMA has turned and is immediate resistance at 0.6972.
Technical indicators are turning slightly bearish. RSI is now below 50 and Stochs are on verge of rollover from overbought.
Break below 21-EMA confirms further downside, drag till 0.6815 (trendline) likely. Near-term upside only above 55-EMA.
On the data front focus shall be on U.S. NFIB Business Optimism Index and final PPI data.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 



