AUD/USD Technical Analysis: Aussie erases RBA-inspired losses
|AUD/USD daily chart
- AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).
- The Aussie dropped sharply in the Asian session on the back of a dovish Reserve Bank of Australia (RBA). This was seen as bearish for the AUD.
AUD/USD 4-hour chart
- AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.
AUD/USD 30-minute chart
- AUD/USD found support just above 0.7135. This was a support mentioned yesterday.
- AUD/USD is expected to consolidate between 0.7135 and 0.7180 for the time being.
- The key resistance to the upside becomes 0.7180 level.
Additional key levels
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