AUD/USD recovered back to $1.0200 after having touched a fresh two-month low at $1.0160. The next sell orders are seen at $1.0220 and $1.0250, while buy orders lie at $1.0180, $1.0150 and $1.0120.
The overall technical picture remains negative. However, strategists at Bank of New Zealand expect the $1.0115 support to hold the downside in AUD/USD. Specialists doubt that there will be another RBA rate cut.
Chart. Daily AUD/USD
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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