- Aussie largely unchanged after RBA kept interest rate unchanged at 1.5%, and the policy statement was interpreted as neutral.
- AUD/USD retraced back below the 200-DMA at 0.7697 and is currently trading at 0.7655, down 0.46% on the day.
- Upside in the pair was capped at 0.77 handle, 'Bullish Shark' pattern keeps scope for gains.
- The major finds strong trendline support at 0.7650, break below will see further weakness.
- Breakout above 200-DMA will see next bull target at 0.7753 (20-DMA)
Support levels - 0.7650 (trendline), 0.7625 (Oct 27 low), 0.7571 (July 5 low)
Resistance levels - 0.7676 (5-DMA), 0.7697 (200-DMA), 0.7753 (20-DMA)
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -98.3467 (Bearish), while Hourly USD Spot Index was at 18.6016 (Neutral) at 1000 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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