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As widely expected, RBA left the Cash Rate at 2.00%. Although they expressed an easing bias, the statement was not particularly dovish and the Aussie is rallying on it.
The pair broke yesterday's high near 0.7670. If it manages to hold above it, there's a cluster of resistance (Daily Resistance 2, Weekly Pivot Point, 0.77 level) between 0.7695 and 0.77. On the downside, Daily Resistance 1 and 0.7750 with H1 50 SMA just below that should now provide the first stronger level of support.
The pair broke yesterday's high near 0.7670. If it manages to hold above it, there's a cluster of resistance (Daily Resistance 2, Weekly Pivot Point, 0.77 level) between 0.7695 and 0.77. On the downside, Daily Resistance 1 and 0.7750 with H1 50 SMA just below that should now provide the first stronger level of support.