AUD/USD ; DAILY

audusdfndamentals

 

Current rate – 0.72884                S1 –  0.70673              R1 – 0.73342

The Australian Dollar continues to oscillate in a now-familiar range below the 0.73 figure against its US counterpart after the RBA policy announcement failed to inspire volatility. Taking the longer view, prices appear to be carving out a symmetrical Triangle chart pattern, a setup favoring on-coming resumption of the dominant downward trend.

 UPCOMING EVENT – ( CAD )  GROSS DOMESTIC PRODUCT

IMPORTANCE – HIGH 

FORECEAST – 0.4%                 PREVIOUS – 0.9%

 

 

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