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The AUDUSD had a bearish move on the back of a statement from the RBA in early trading.
The pair dipped down to support in the form of a rising trendline on the 1 hour charts, as well as the 50% retracement of the last leg down. This area has already shown signs of buying and can be an area where we see the pair turn bullish once again.
The pair dipped down to support in the form of a rising trendline on the 1 hour charts, as well as the 50% retracement of the last leg down. This area has already shown signs of buying and can be an area where we see the pair turn bullish once again.
