Chart - Courtesy Trading View
AUD/USD was trading 0.37% lower on the day at 0.6698 at around 06:45 GMT, extends previous session's slump.
The pair has refreshed monthly low below 0.6700 amid geopolitical tensions and rising hawkish Fed bets.
The US Dollar follows firmer yields, picks up bids amid hawkish concerns surrounding the US Federal Reserve (Fed) and geopolitical fears.
Fed fund futures have now risen above 5.30%, versus 5.10% expected by the US central bank in December.
On the Australia front, recession fears are rising as inflation shows no signs of slowing, bolstering the case of further policy tightening by the Reserve Bank of Australia (RBA).
Major focus will be on this week's Australia’s Q4 Gross Domestic Product (GDP) numbers seen higher at 0.9% vs. the former release of 0.6%.
A higher-than-projected Australia GDP will accelerate troubles for the RBA as higher activity numbers will favor further hikes.
Support levels:
S1: 0.6663 (50% Fib)
S2: 0.6547 (61.8% Fib)
Resistance levels:
R1: 0.6724 (Cloud base)
R2: 0.6797 (200-DMA)
Summary: AUD/USD trades with a bearish technical bias. Close below 200-DMA and daily cloud has opened downside. Scope for test of 61.8% Fib at 0.6547.


FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro-Major European Indices
FxWirePro: USD/ZAR bears maintain upper hand
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



