Chart - Courtesy Trading View
Technical Analysis:
- AUD/USD was trading 0.59% higher on the day at 0.6815 at around 08:40 GMT.
- The pair has held lower BB support and extended gains above 5-DMA.
- GMMA indicator shows major and minor trend are bearish
- Price action is below major moving averages which are trending lower
Fundamental Overview:
Aussie Trade Balance, Exports and Imports improved during May, support the Australian dollar.
Australia’s Trade Balance rose to 15,965M in May versus 10,725M expected and 10,495M prior.
Further, Exports rose 9.5% from 5.0% prior and Imports grew 5.8% compared to the previous contraction of 0.8%.
Major Support and Resistance Levels:
Support: 0.6762 (Lower BB), Resistance: 0.6811 (5-DMA)
Summary: AUD/USD recovery lacks traction. Major trend is bearish. Scope for downside resumption.


FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD remains bullish as rally continues
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major European Indices
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 



