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Krecioch

AU inching lower for short

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Krecioch Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AU AUDUSD short Bearish Patterns Gold pricerange
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trendanalysis chartpattern beyondta au audusd short bearish gold pricerange
AUD/USD has been under selling pressure - and with spot price of gold falling and AIG Performance of Services Index for April coming up in the Asian session.

*still only learning, would appreciate any input - thanks and good luck!

- Krecioch
Comment:
NFA Report helped bring AU up to resistance at .70250

Focus now goes to RBA set to come out early Tuesday..
I'm expecting pressure to be on as there are talks of two possible rate cuts ahead.

If benchmark rate remains ( 1.5% ) Aussie should see a temp rise amid negative data.

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Krecioch
AU: Holding Neutral ahead of RBA Decision
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