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• AUD/ USD declined on Monday as the Australian dollar remained under bearish pressure as Ahead of RBA rate decision.
• The Reserve Bank of Australia is widely expected to keep interest rates unchanged in December.
• Deputy Governor Andrew Hauser is scheduled to deliver a speech on Australia and the global economy the day after the Reserve Bank of Australia's decision on interest rates.
• Meanwhile, Assistant Governors Brad Jones and Sarah Hunter will be speaking on Thursday and Friday, respectively.
• At GMT 05:28, The Aussie was trading down 0.10% to $0.6381 after having dropped 2% last week.
• Immediate resistance is located at 0.6480(Daily high), any close above will push the pair towards 0.6458(38.2%fib).
• Support is seen at 0.6371(23.6%fib) and break below could take the pair towards 0.6357(Lower BB).
Recommendation: Good to sell around 0.6400, with stop loss of 0.6480 and target price of 0.6300.
