Thursday, October 15, 2026

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FxWirePro: Aussie bulls lack impetus, AUD/USD confined to narrow range ahead of RBA

Aussie struggles to extend gains despite upbeat Australian MI and AIG manufacturing data released earlier on the day. The pair remains confined to a narrow range ahead of RBA policy decision due tomorrow. Bulls lack impe…

By FxWirePro Team
1 min read
FxWirePro: Aussie bulls lack impetus, AUD/USD confined to narrow range ahead of RBA
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  • Aussie struggles to extend gains despite upbeat Australian MI and AIG manufacturing data released earlier on the day.
     
  • The pair remains confined to a narrow range ahead of RBA policy decision due tomorrow.
     
  • Bulls lack impetus amid holiday-thinned markets, pair struggling to extend recovery above 5-DMA at 0.7660.
     
  • Stochs are on the verge of a rollover from overbought territory, RSI has a neutral bias.
     
  • The pair finds strong support at 0.76 level which is converged 20 and 50 day MA and rising trendline.
     
  • Break below 0.76 to confirm weakness, drag till major trendline support at 0.7485 levels likely.
     
  • Major support levels - 0.7620 (cloud top), 0.76 (20 & 50 DMA and trendline), 0.7589 (Sept 30 low) 
     
  • Major resistance levels - 0.77 (trendline), 0.7723 (88.6% Fib), 0.7732 (Sept 8 high)
     

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Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team