Chart - Courtesy Trading View
AUD/USD was trading 0.01% lower on the day at 0.6807 at around 06:30 GMT.
The pair has formed back-to-back Dojis at 200-DMA support, shows downside exhaustion.
Markets await US Personal Consumption Expenditures price index, the Fed’s preferred inflation gauge which is expected to reiterate that price pressures remained elevated in January.
On the other side, weak U.S. GDP data raised concerns over slowing industrial activity. Markets remain uncertain over where interest rates will peak.
Technical bias for the pair remains bearish. MACD and ADX support downside. Volatility is high and momentum is bearish.
Break below 200-DMA will find next major support at cloud base, break below will drag the pair lower.
Major Support Levels:
S1: 0.6799 (200-DMA)
S2: 0.6780 (38.2% Fib)
Major Resistance Levels:
R1: 0.6833 (5-DMA)
R2: 0.6871 (55-EMA)
Summary: AUD/USD trades with a bearish bias. Watch out for break below 200-DMA for further downside.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 



