Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
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FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
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FxWirePro- Woodies pivot (Major) 
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USOIL chart - Trading View
West Texas Intermediate crude hit fresh multi-month highs at $69.97 before retreating slightly to trade at $69.32 at around 11:00 GMT.
Oil prices under pressure amid signs of weakening demand from Asia with lower cargo arrivals in May.
Covid-19 resurgence in most of the South Asian countries, which depresses fuel demand in the continent.
Further, rebound in the US Dollar Index (DXY), adds pressure on the dollar-denominated commodity.
Technical indicators are bullish. However, the pair finds major resistance at 200-month MA at 69.89.
Doji formation on the daily charts suggests indecision among bulls to take prices higher. Decisive break above 200-month MA required for upside continuation.
On the flipside, 5-DMA is immediate support at 68.88. Break below could see dip till 21-EMA at 66.55.
