AUD/USD chart on Trading View used for analysis
- AUD/USD slipped below 21-EMA, trades 0.31% lower on the day at 0.7135 at 0520 GMT.
- Aussie under pressure amid risk-off tones in the wake of slowing global growth.
- The International Monetary Fund (IMF) trimmed global growth forecasts on Monday.
- The IMF lowered estimates for growth in 2019 by 0.2 percentage points to 3.5%, its second downward revision.
- Technical studies for the pair remain bearish, upside rejected at 110-EMA and daily cloud.
- The pair now eyes next major support at 20-DMA at 0.7120. Break below will see further downside.
- Focus on Australia Jobs data foe further impetus. The Australian economy is expected to have added a 16.5k jobs in December.
Support levels - 0.7120 (20-DMA), 0.71
Resistance levels - 0.7151 (21-EMA), 0.7168 (55-EMA)
Recommendation: Watch out for break below 20-DMA to go short.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 



