We just had the release of the AUD cash rate half an hour ago, which was maintained at 1.5% – no increase, no cut.
AUD pairs spiked upwards shortly after but don’t look upside-convincing to me.
Shall observe what happens after London Open.
If it heads south, these are the next support zones to watch, based on simple price structure:
Once these 3 support levels are cleared, its pretty much free-fall zone for AU till 0.7310 before we see some support.