0.6510 is a very strong resistance on the Weekly AUDUSD chart.
It is also the high of last week.
There is also a crab pattern here.
Finally lots of Divergence on different timeframes to make this a high probability trade.
AM 2:30GMT Ausssie Inflation prints are released these are key for determining their August Policy Decision
1. IMO a 1.0%yoy CPI print shows a further 0.3% contraction in their yearly CPI, this should be sufficient to push the RBA to cutting their OCR by 25bps, similarly a 0.3%qoq CPI will be needed in conjunction to show that inflation is growing at a slow...
