MJFxedge

AUDUSD Important levels before RBA decision and US election

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD held Tthe important level at 0.7000 last week, but there wasn't momentum buying and it finished the week near $0.7030. The RBA meets and is expected to ease policy, including a small rate cut and more bond-buying. 0.7080-$0.71 is now a zone of minor resistance and if volatility picks up risk is to go past 0.7150. On the other side if we break below 0.6965-70, the target to the downside will be 0.68

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.