FxWirePro- Major Pair levels and bias summary 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
JPY Action Bias: Bullish Pairs to Watch Out For 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
Chart - Courtesy Trading View
Technical Analysis:
AUD/USD was trading 0.83% lower on the day at 0.7011 at around 03:55 GMT.
The pair has opened the week on a bearish note after 'Gravestone Doji' formation in the previous week.
Volatility is high and momentum is strongly bearish, further weakness on cards.
GMMA indicator shows major and minor trend are bearish on the daily charts.
Fundamental Overview:
Inflation fears and hopes of aggressive Fed rate hikes keep the US Treasury yields buoyed.
Further, the US dollar safe-haven appeal amid fears of worsening covid woes in China and the global leaders’ sanctions on Russia keep USD/JPY on the front foot.
Markets await China Trade Balance data for further impetus.
Major Support Levels:
S1: 0.6967 (Jan 28 low)
S2: 0.6926 (Lower BB)
Major Resistance Levels:
R1: 0.7113 (200H MA)
R2: 0.7206 (21-EMA)
Summary: AUD/USD trades with a strong bearish bias. Scope for fresh yearly lows below 0.6967.
