AUD/USD
was trading elevated on Tuesday amid the rising sentiment.
The Reserve Bank of Australia released the minutes from the latest meeting earlier today and announced that will keep the monetary policy unchanged - the main interest rate is left at 1.75%.
The pair caught the positive mood and jumped above the current resistance level at $0.75. The intraday high was pinned at $ 0.7513, a level not seen since 9th of June.
The daily support is located at $ 0.7447, which coincides with Fibo 50% retracement level. Until staying above, the short term outlook is bullish.
The Reserve Bank of Australia released the minutes from the latest meeting earlier today and announced that will keep the monetary policy unchanged - the main interest rate is left at 1.75%.
The pair caught the positive mood and jumped above the current resistance level at $0.75. The intraday high was pinned at $ 0.7513, a level not seen since 9th of June.
The daily support is located at $ 0.7447, which coincides with Fibo 50% retracement level. Until staying above, the short term outlook is bullish.
But having in mind the expected turbulence in market during the next days, it is not quite sure how this exactly would result the pair. Hopefully AUD/USD will keep the positive medium term development.
Chart AUD/USD H1
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