Friday, October 16, 2026

Technicals

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AUD/USD move higher has been relatively restrained after RBA stayed on hold

Knee-jerk pop to 0.7697 was sold into by macro funds RBA retained dovish bias and maintained bearish view on AUD RBA wants AUD/USD lower and will likely cut rates in coming months to help Support now at 0.7605/10 where i…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Knee-jerk pop to 0.7697 was sold into by macro funds

  • RBA retained dovish bias and maintained bearish view on AUD

  • RBA wants AUD/USD lower and will likely cut rates in coming months to help

  • Support now at 0.7605/10 where it was trading before RBA decision

  • Double-top has formed just ahead of 0.7700 with break targeting 0.7785 

 

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By FxWirePro Team