• AUD/USD rebounded strongly on Wednesday as the U.S. dollar weakened amid renewed concerns about the economic and fiscal outlook.
•U.S. President Trump urged Republicans to back a bill extending his 2017 tax cuts but faced resistance from a few holdouts.
• Investors fear the bill may speed up the growth of the U.S. budget deficit, with Moody’s recent downgrade of the country’s credit rating intensifying concerns over the rising debt.
•At GMT 05:50, the Australia dollar was down 0.45% to 0.6452 against the US dollar.
• Immediate resistance is located at 0.6480(Higher BB), any close above will push the pair towards 0.6515(23.6%fib).
• Support is seen at 0.6398(38.2%fib) and break below could take the pair towards 0.6362(Lower BB).
Recommendation: Good to buy around 0.6430 with stop loss of 0.6350 and target price of 0.6500


FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro- Major European Indices
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
FxWirePro- Woodies Pivot(Major)
AUD/JPY Technical Outlook: Range-Bound Trading Amidst Emerging Bearish Pressure
FxWirePro: USD/CAD remains buoyant, looks to extend gains
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge 



