FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD dips on UK GDP data miss 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro- Major European Indices 
FxWirePro- Major European Indices 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
- Risk-on trades persisting in the markets after the latest Brexit polls’ outcome swayed towards the Remain camp support AUD.
- Rallying copper and oil prices together with broad-based US dollar sell-off also collaborated to the upside in the pair.
- AUD/USD is extending upside after bullish gap-up open and is currently trading around 0.7445 levels.
- Momentum studies are bullish, RSI biased north, strength in RSI at 57 levels.
- Bollinger bands are widening and the pair has bounced of 20-DMA support on June 16th trade.
- Upside finds major trendline resistance at 0.7450 levels, break above will see test of 0.75 and then 0.7560 levels.
- On the downside, we see immediate support at 0.74 (10-DMA) ahead of 0.7393 (5-DMA). Break below could see test of 0.7360 levels.
- Immediate focus now on Tuesday’s RBA minutes release along with RBA official Debelle’s speech for fresh impetus on the Aussie.
Recommendation: Good to go long on breakout above 0.7450, SL: 0.74, TP: 0.75/0.7530/0.7560
