- Copper extends break below 5-DMA, slips lower for 4th successive session, bias bearish.
- The pair is currently down 0.14% on the day, currently trading at 3.098.
- Technical studies are bearish. Stochs and RSI sharply lower. MACD shows bearish crossover on signal line.
- Price action has broken below 20-DMA and is on track to test next major support at 50-DMA at 3.056.
- Violation at 50-DMA could see further weakness. Scope then for test of major trendline at 3.02.
- On the flipside, retrace above 5-DMA could see bearish invalidation.
Support levels - 3. 056 (50-DMA), 3.020 (trendline support), 3.0
Resistance levels - 3.115 (20-DMA), 3.151 (5-DMA), 3.236 (Oct 24 high)
Recommendation: Book partial profits at lows. Trail stop loss to 3.150, stay short for further downside.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: USD/CNY edges lower, scope for further downside
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally 



