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RBA kept interest rate unchanged and we have seen hawkish tone from RBA Governor but there was not much bullish reaction on this pair.
From technical perspective AUDUSD remain range bound in last couple of weeks, however price broke out of this range on 1st of March and in doing so cleared two support levels at 0.7637 & 0.7610. Today we have seen a retest of both levels and price was quickly pushed down. I am expecting this support level to hold as resistance on any retest and a move down into 0.7500 level.
From technical perspective AUDUSD remain range bound in last couple of weeks, however price broke out of this range on 1st of March and in doing so cleared two support levels at 0.7637 & 0.7610. Today we have seen a retest of both levels and price was quickly pushed down. I am expecting this support level to hold as resistance on any retest and a move down into 0.7500 level.
