Today\u2019s pivotal point is likely to be 0.7083.
April that the price was still making lower lows and lower highs, which suggested the medium-term bearish trend was still in force.
I was correct about the primary direction of the day, as the price fell over the day and reached as low as the support level which I had identified at 0.7082 shortly before the Tokyo close, but the price gave a nice short-term long trade from that level when it was reached, signalling its intention to move higher with a bullish pin bar on the hourly chart.
, with the price retracing back to its consolidation area just above the nearest support level at 0.7082.The price is clearly within a long-term bearish trend, so
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
When is the RBA Interest Rate Decision and how could it affect AUD/USD?After more than a decade of holding the benchmark interest rate unchanged, the Reserve Bank of Australia (RBA) is up for conveying the likely hawkish
Leer más »
RBA: Committed to doing what is necessary to ensure inflation returns to target over timeFollowing are the key headlines from the May RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe. It also increased the
Leer más »
AUD/USD tests 0.7140 as RBA elevates interest rates to 0.35%The AUD/USD pair has attracted significant bids as the Reserve Bank of Australia (RBA) has raised its interest rates by 25 basis points (bps) to 0.35%
Leer más »
AUD/USD steadies around 0.7050 ahead of RBA, Yields look to reclaim 3%The AUD/USD pair is hovering around 0.7050 as investors are awaiting the interest rate decision from the Reserve Bank of Australia (RBA), which will b
Leer más »
AUD/USD to soften over the medium term despite hawkish RBA – Wells FargoAnalysts at Wells Fargo brought forward expectations for monetary tightening from the Reserve Bank of Australia; however, they still expect the Aussie
Leer más »
AUD/USD: RBA to support the aussie if sends out hawkish signals – CommerzbankThe Reserve Bank of Australia (RBA) is likely to initiate monetary policy normalization on Tuesday. The Australian dollar could benefit from the decis
Leer más »