FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro- Major Pair levels and bias summary 
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro-Major European Indices 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/JPY catches bid ahead of BoJ meeting 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
Chart - Courtesy Trading View
Spot Analysis:
AUD/USD was trading 0.15% lower on the day at 0.7161 at around 06:05 GMT
Previous Week's High/ Low: 0.7166/ 0.7035
Previous Session's High/ Low: 0.7230/ 0.7155
Fundamental Overview:
Firmer Aussie trade numbers fails to cheer Aussie bulls, risk aversion keeps the bias bearish.
Growing fears of global recession joined the hawkish central bank chatters to weigh on market sentiment.
Australia’s Trade Balance rose to 10,495M versus 9,300M market forecasts and 9,314M prior.
Further details of the report showed the Exports grew to 1% versus 0% previous readings while the Imports eased from -5.0% to -1.0%.
Technical Analysis:
- 'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on daily charts
- 'Gravestone Doji' formation on the daily charts caps upside, adds to the bearish bias
- RSI has turned flat and Stochs are on verge of bearish rollover from overbought levels
- Price is approaching 200H MA support at 0.7132, break below will drag the pair lower
Major Support and Resistance Levels:
Support - 0.7138 (200-week MA), 0.7114 (21-EMA), 0.7048 (20-DMA)
Resistance - 0.7174 (55-EMA), 0.7220 (110-EMA), 0.7230 (50-DMA)
Summary: AUD/USD fail to cheer upbeat Aussie data. Technical analysis hints at the underlying weakness in momentum. Retrace below 200-week MA will plummet prices.
