News and Market Analysis

AUD wipes away its gains
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The Aussie has fallen against the greenback as gold struggled to stay above $1,900 after another dollar rally. Technically there is nothing to keep the AUD/USD safe today other than the RBA’s Debelle speech where he will talk about the Australian economy and monetary policy.

 

Technical View

Keeping it simple, we are looking for a break below 0.7170 with a target 0.7129. On the odd move to positive we see a break past 0.7267 as a short term bullish break with a target of 0.7312.

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