Chart - Courtesy Trading View
AUD/USD was trading 0.27% higher on the day at 0.7013 at around 07:10 GMT.
The pair has paused a 5-week downward streak and is consolidating break below 38.2% Fib.
Antipodeans attempting a bounce in Asian trade amidst ebbing concerns about Omicron variant.
News showed that preliminary observations from South Africa suggested Omicron patients had relatively mild symptoms.
A mixed U.S. jobs report last week failed to shake market expectations of a more aggressive U.S. tightening.
Focus now on the US consumer price inflation report due on Friday which could likely strengthen the case for an early tapering and a stronger dollar.
Technical bias for the pair is bearish. Price action has closed below 38.2% Fib. Scope for further downside.


AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/AUD under pressure as pound continues to weaken
JPY Action Bias: Bullish Pairs to Watch Out For
Major Pair Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



