AUD/USD bulls move in on a key resistance ahead of RBA – by fx_ross AUDUSD RBA Currencies DollarIndex Fed
cal support levels on the downside. AUD/USD is trading some 1.8% higher into early Asian markets following a rise from 0.6399 to 0.6522 the high and is recovering slightly from an over 2-year closing low ahead of the main domestic event for the week in the Reserve Bank of Australia interest meeting.
However, should the bulls get above resistance, there will be a case for a bullish W-formation, as per the daily chart above. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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