Instrument: AUDUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.74451 with take profit at 0.74562
Bearish Preference:
Sell position is envisaged if price trades below 0.74192 with take profit at 0.74056
Fundamentals:
USD 1:30PM CPI m/m
USD 1:30PM Core CPI m/m
Comment:
The AUD/USD pair has attracted some bids around 0.7400 after displaying a steep fall from the last week’s high at 0.7662. The pair has remained vulnerable from the previous week after the Reserve Bank of Australia (RBA) announced its monetary policy.
Analysis: SCRUM Team