AUD/USD Technical Analysis Forecast

audusd-technical-analysis-currency-forecast

AUDUSD - Stalling out at 1.03263 last week the bias for the pair remains neutral for the momement with the expectation for further falls in the medium term.

While the pair remains below the 200 day SMA we anticipate further falls in a tightening range.

Initial resistance is last weeks high at 1.03263 and then the weekly pivot at 1.04610. On the downside support begins at 1.02190 with strong support at 1.00800 (down by the 20 and 50 day MAs.)

Key Economic Events

Monday - Currency Account | RBA Rate Statement

Tuesday - GDP (q/q)

Wednesday - Employment Change

Thursday - RBA Governor Speaks

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