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- Aussie bears look unlikely to give up anytime soon, AUD/USD pares some of the RBA induced gains
- AUD/USD had earlier in the Asian session spiked to day's high by 0.7378 on a broadly positive RBA statement
- At the time of writing AUD/USD is trading at 0.7363, slightly lower heading into European open
- Immediate resistance is seen at 0.7391 (Session High Aug 6), while support on the downside lies at 0.7315 (Session low August 6)
R1: 0.7391 (Session High Aug 6)
R2: 0.7398 (Daily High Aug 5)
R3:0.7419 (Session High Aug 4)
Support Levels:
S1: 0.7315 (Session low August 6)
S2: 0.7313 (10-Day MA)
S3: 0.7264 (Daily Low Aug 4)
