rishililawat5

AUD/USD Technical Analysis.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Currently, AUD/USD is trading at 0.6977. The pair may start a new down trend if it breaks the support level at 0.6953. Previously, the pair was trading in an up trend and is now moving towards its support level . The pair may start a new down trend if it breaks the support level , then its first target price will be at 0.6893 and the second target price will be at 0.6856.

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Rishikesh Lilawat

Comments

Where can you watch the the RBA announcement?
Reply
rishililawat5 dkhazin48
@dkhazin48, you can see on economic calendar. RBA announcement was today and the interest rates are not changed.
Reply
I don't think this pair will go down below 0.6850 before the RBA(Reserve Bank of Australia) announcement regarding the interest rate..And it is expected to remain the same as previous 0.25% and which will result in AUD getting stronger and rise above 0.7000
Reply
@Rehan_P, i agree. Aud will rise above 0.7000 before making any downturn
+1 Reply
rishililawat5 Weather-trade
@Weather-trade, Thanks for the comment mate.
Reply
@Rehan_P, Yes mate, that can happen. Thanks for your view.
+1 Reply
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