US Gas Market Poised for Supercycle: Bernstein Analysts 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Wall Street Analysts Weigh in on Latest NFP Data 
Fade the Rally: EUR/JPY Short Opportunity Near 180.80 
JPY Major Currency Score – Pairs Trades Flat & Good to Avoid 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: NZD/USD hovers near 0.5600,outlook strongly bearish 
FxWirePro- Woodies Pivot (Major) 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds 
Add as a preferred source on Google
AUD/USD chart on Trading View used for analysis
- AUD/USD trades 0.69% lower on the day at 0.7032 at the time of trading.
- The pair has hit new multi-month lows, levels unseen since Feb 2016.
- Major trend remains bearish. Price action grinds lower in sloping channel pattern.
- Technical studies support further weakness. We see no signs of reversal in the pair.
- Next major support lies at 0.6975 (channel base), breach there will accentuate weakness.
- On the flip side, 21-EMA at 0.7112 is strong resistance. Break above to see further gains.
Support levels - 0.70, 0.6975 (channel base)
Resistance levels - 0.7067 (5-DMA), 0.7112 (21-EMA)
Recommendation: Good to stay short on upticks, SL: 0.7112, TP: 0.70/ 0.6975
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
