- Risk-on persists in full swing, underpinning sentiment around higher-yielding currencies such as the AUD.
- Broad-based US dollar weakness also aids the ongoing recovery in the Aussie.
- Focus today remains RBA Kent’s speech later in the European session ahead of the US economic data due to be reported in the NA session.
- Technically we fell upticks should be used as opportunities to go short.
- Intraday we see some upside in the pair. A reversal intrend can be seen only on break out above 0.7461 (50% Fib).
- Major support levels - 0.7386 (61.8% Fib), 0.7311 (Nov 21 low), 0.7280 (78.6% Fib)
- Major resistance levels - 0.74, 0.7461 (50% Fib), 0.7486 (10-DMA)
Recommendation: We would wait for upticks to go short.
FxWirePro's Hourly AUD Spot Index was at -16.4071 (Neutral), while Hourly USD Spot Index was at 27.4778 (Neutral) at 0515 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: AUD/USD eases as investors await U.S. employment figures
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie 



