A technical technical look at the ozznAustralian dollar from SG, psoting this ahead of the RBA
Société Générale nominate support and resistance ahead:
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