Abstract：AUDUSD is in a really nice channel where price is respecting both the limits of the channel. AUD/USD steady around 0.7540 ahead of the RBA monetary policy
AUDUSD is in a really nice channel where price is respecting both the limits of the channel. AUD/USD steady around 0.7540 ahead of the RBA monetary policy
• The Australian dollar broke above the 0.7540 resistance level, unsuccessfully tested four times.
• The Reserve Bank of Australia (RBA) is expected to keep rates unchanged.
• Market players expect the central banks rhetoric, any hawkish tilt or hints, would push the AUD/USD higher.
• AUD/USD Price Forecast: Upward biased, and a break above 0.7600 could pave the way for further gains.
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