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Add as a preferred source on Google
- Pair is currently supported around $0.7100 levels.
- It made intraday high at $0.7115 and low at $0.7092 levels.
- Intraday outlook is bearish below $0.7041 levels.
- RBA rate decision will be out within few minutes and market expects unchanged policy.
- Initial support levels are seen around $0.7042 and $0.7008 thereafter.
- Major resistance falls at $0.7142 levels and $0.7327 thereafter.
We prefer to take short position in AUD/USD around current level, stop loss at $0.7142 and target $ 0.7021 levels.
