Normal
Quite day for the AUD yesterday, after early morning turbulence ranging sideways all day into this morning. I think it;s brewing for something big, One would suggest a strong rebound high is on the cards, RBA Interest Rate Decision is today and predicted to push the AUD higher unlike the previous rate hike. Analyst Suggest;The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6796 and 0.6794).Preference:The upside prevails as long as 0.6770 is support.Alternative scenario:Below 0.6770, expect 0.6735 and 0.6715.[ATTACH=full]146398[/ATTACH]
Quite day for the AUD yesterday, after early morning turbulence ranging sideways all day into this morning. I think it;s brewing for something big, One would suggest a strong rebound high is on the cards, RBA Interest Rate Decision is today and predicted to push the AUD higher unlike the previous rate hike. Analyst Suggest;
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.6796 and 0.6794).
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