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- Australian dollar keenly awaits the Reserve Bank of Australia (RBA) meeting due ahead
- AUD/USD creeping higher as market doubts RBA will cut today, day's range 0.7173/ 0.7140
- The pair is at the time of writing testing 10-day MA resistance at 0.7170, with next immediate hurdle at 0.7187 (38.2% fibo of 0.7382/0.7067 move)
- Support on the downside are located at 0.7109 (cloud top) and further below at 0.7072 (trendline support)
- A no-change decision and a neutral statement could see AUD/USD spike above 0.7200 on short-covering
R1: 0.7170 (10-day MA)
R2: 0.7162 (4h 200 MA)
R3: 0.7187 (38.2% fibo of 0.7382/0.7067 move)
Support Levels:
S1: 0.7109 (cloud top)
S2: 0.7072 (Trend line support)
S3: 0.7067 (Tripple bottom Oct 6th, 29th, 30th)
