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AUDUSD could retrace to 0.73/0.725 on a close below 0.7450

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
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FX:AUDUSD   Australian Dollar / U.S. Dollar
medianlines dailyoutlook support Support and Resistance FOMC fomcpositioning
8
0
medianlines dailyoutlook support supportandresistance fomc fomcpositioning
Australia dollar is starting to retrace its gains after flirting with 0.750 resistance. A bearish close today below 0.745 could see the declines extending back to the price zone of 0.73 - 0.725. Establishing support here could pave way for a new leg in the rally back to 0.745 and eventually to 0.76.

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