Technical Analysis

AUD/USD technical analysis chart ahead of the RBA today – support, resistance to eye

A technical technical look at the ozznAustralian dollar from SG, psoting this ahead of the RBA

Société Générale nominate support and resistance ahead:

R

  • 0.7330
  • 0.7385/0.7400
  • 0.7430

S

  • 0.7170
  • 0.7140
  • 0.7095/0.7100

Comments from SG:

  • AUD/USD has tentatively probed the graphical support of0.7140/0.71 which represents the lows of May / December2016. In case of definite break below, next objective will be at the lows formed in January 2016at 0.6825 which is the potential of a double top too. 0.7385 is first layer of resistance while 0.7486/0.75 should be key. 

For previews of the Reserve Bank of Australia today, coming up soon, at 0430GMT

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