NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
FxWirePro- Major Crypto levels and bias summary 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro: GBP/NZD remains bullish as rally continues 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro-Major European Indices 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
Chart - Courtesy Trading View
Spot Analysis:
AUD/USD was trading 0.16% lower on the day at 0.6932 at around 05:30 GMT
Previous Week's High/ Low: 0.6995/ 0.6869
Previous Session's High/ Low: 0.6957/ 0.6888
Fundamental Overview:
Australian Finance Minister (FinMin) Katy Gallagher warned of economic challenges for the Pacific major.
Further, Australia's Treasurer Jim Chalmers also highlighted fears of higher inflation while expecting a 7.0% figure and agreeing with a forecast by the central bank.
During the weekend, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, “Further negative shocks would inevitably make US economic situation ‘more difficult’.”
The IMF revised down US 2022 GDP forecasts to 2.9% versus the 3.7% predicted earlier. DXY grinds lower, but AUD/USD fails to benefit from US dollar weakness.
Technical Analysis:
- Price action is below major moving averages which are trending lower
- Momentum is strongly bearish, volatility is high and rising
- 'Death Cross' on the daily charts keeps bias lower
- GMMA indicator shows major and minor trend are bearish
Major Support and Resistance Levels:
Support - 0.6794 (Lower BB), Resistance - 0.7009 (21-EMA)
Summary: AUD/USD trades with a bearish bias. Scope for test of trendline support at 0.6855.
