Expecting that the AUDUSD pairs recovery from multi-year lows was corrective and could be complete as price stalled well in bearish territory.
Looking for a break below 0.6775 for continued decline.
Support Levels / Targets
0.6730 -- 0.6680
*RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further rate cuts are on the table, mainly if other central banks continue in the easing path.
**Not Professional Advice - Take trades at your own risk.
-Krecioch
Looking for a break below 0.6775 for continued decline.
Support Levels / Targets
0.6730 -- 0.6680
*RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further rate cuts are on the table, mainly if other central banks continue in the easing path.
**Not Professional Advice - Take trades at your own risk.
-Krecioch