AUD/USD chart - Trading View
AUD/USD was trading 0.20% lower on the day at 0.7211 at around 06:10 GMT, outlook bearish.
Risk-off mood across markets helps the US dollar find its feet while weighing on the antipodeans.
Further Fed’s tapering expectations and optimism after concerns about US government shutdown fades away buoys US dollar.
Data released overnight showed US Initial Jobless Claims increased for the third consecutive week, denting outlook for the Nonfarm Payrolls report in the following week.
US Initial Jobless Claims increased to 362K, more than 335K expected by analysts. Fed chair Jerome Powell has earlier this week said the U.S. economy is still far from achieving maximum employment, a key criteria for rate hikes.
Technical Analysis:
AUD/USD price action has slipped below 200-week EMA opening downside. Price action is below cloud and major moving averages are biased lower. Momentum is strongly bearish and volatility is high.
Major Support and Resistance Levels:
Support - 0.7105 (Yearly low), Resistance - 0.7270 (21-EMA)
Summary: AUD/USD trades with a bearish bias. Scope for re-test of yearly lows at 0.7105.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/AUD moves lower on weak UK data
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro:EUR/AUD eases but bullish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



