FxWirePro: USD/ JPY consolidating around 157.12, bias is bullish 
FxWirePro- Major pair levels and bias summary 
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FxWirePro- Woodies Pivot (Major) 
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FxWirePro- Woodies Pivot (Major) 
• AUD/USD stayed near a two-year low on Tuesday as trading volume remained thin as markets headed into the New Year’s holiday on Wednesday.
• The Australian dollar has dropped 8.8% this year. It had reached a high of $0.6943 in September, but a wide surge in the US dollar brought it down to a two-year low of $0.6199.
• At the same time, poor data in Australia has prompted investors to anticipate further domestic policy easing.
•Markets imply around a 45% chance the Reserve Bank of Australia (RBA) will cut its 4.35% cash rate in February.
• At GMT 05:45, The Australian dollar was last trading up 0.02% to $0.6240.
• Immediate resistance is located at 0.6248(Dec 30th high), any close above will push the pair towards 0.6292(38.2%fib).
• Support is seen at 0.6206 (23.6%fib) and break below could take the pair towards 0.6066(Lower BB).
Recommendation: Good to sell around 0.6240, with stop loss of 0.6300 and target price of 0.6160
