FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
AUD/USD chart - Trading View
AUD/USD was trading largely rangebound on the day with session high at 0.7388 and low at 0.7370.
The pair hovers around 200H MA and remains capped below the 0.74 handle. Decisive break above 0.74 required for upside continuation.
Stochs have rolled over from oversold levels and bullish divergence on Stochs and RSI keeps scope for some upside.
That said, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on the daily charts keeps upside limited.
Markets remain risk-off as the coronavirus headlines from Australia come negative. New Delta variant cases continue to rise causing concerns about potential lockdowns.
On the data front, China’s Industrial Profits for June eased from 36.4% to 20.00% YoY, exerting additional downside pressure on the AUD.
Major trend is bearish. Price action is below cloud and major moving averages. Bears target 200-week MA at 0.7229.
