AUD 1.0420 resistance

Author: Eamonn Sheridan | Category: News

There is AUD/USD resistance around 1.0420. and then again around 1.0435.

After the RBA announcement of no change in the Cash target rate today the AUD/USD immediately spiked to 1.0450/55 only to be hit very hard back to 1.0415. It traded 15/25 for 10 minuteds before falling below 1.04 and has since retraced.

There should now be sell orders around the 1.0420 level, more around 1.0435.