AUDUSD will be bearish for a while.
The pair could advance towards the 0.7730/70 price zone on a break above 0.7675, while a disappointing outcome and a break below 0.7600 could see the pair retesting the year low at 0.7531.
Markets are optimistic about their return after a long weekend, weighing on the greenback. US Treasury yields are on the rise, which may end up benefiting the American currency in the next few hours.
.The Reserve Bank of Australia is expected to maintain its monetary policy unchanged.
.Investors hope for positive hints about progress in economic developments.
.AUD/USD has a limited bullish potential according to long-term technical readings.
The pair could advance towards the 0.7730/70 price zone on a break above 0.7675, while a disappointing outcome and a break below 0.7600 could see the pair retesting the year low at 0.7531.
Markets are optimistic about their return after a long weekend, weighing on the greenback. US Treasury yields are on the rise, which may end up benefiting the American currency in the next few hours.
.The Reserve Bank of Australia is expected to maintain its monetary policy unchanged.
.Investors hope for positive hints about progress in economic developments.
.AUD/USD has a limited bullish potential according to long-term technical readings.