AUD/USD Support At Daily Levels, Needs Retracement

www.investing.com/analysis/audusd-has-dropped-to-historical-support-levels-zone-0689006903-200431571

By FOREX IN WORLD | Jun 14, 2019 07:28AM ET

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The AUD/USD has dropped to historical support levels zone 0.6890-0.6903. It needs a healthy retracement to the upside.
0.6880 is the last chance for any bullish retracement on intraday timeframes. Unless it gets broken to the downside, bulls might try to get the price to the POC zone 0.6930-40 and 0.6660 if the bullish momentum persists and short traders close their trades. The interim range is 0.6890-0.6840. The price might reject from 0.6840 towards 0.6890 again if we see a retracement. If 0.6660 is reached then we might see a trend reversal and uptrend will start.

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Central Banks

Interest Rates

Next Meeting

FED

0.00%-0.25%

Apr 28, 2021

ECB

0.00%

Apr 22, 2021

BOE

0.10%

May 06, 2021

SNB

-0.75%

Jun 17, 2021

RBA

0.10%

May 04, 2021

BOC

0.25%

Apr 21, 2021

RBNZ

0.25%

Apr 14, 2021

BOJ

-0.10%

Apr 27, 2021

CBR

4.50%

Apr 23, 2021

RBI

4.00%

Jun 04, 2021

PBOC

3.85%

BCB

2.75%

May 05, 2021

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AUD/USD Support At Daily Levels, Needs Retracement

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