AUD/USD: Levels, Ranges, Targets

AUD/USD: Levels, Ranges, Targets

The final result of the RBA’s Glenn Stevens OCR drop was an AUD range in the last 19 trading from about 0.7350 to 0.7150. Overall, Stevens achieved about a 500 pip drop. The AUD financial system reveals Stevens remains on hold.

Current AUD price is literally on the floor long and short term. But the RBA is holding daily pip ranges at 19.

AUD/USD Bottom, 0.7295. Bottom achieves destination on break at 0.7314 and 0.7304.

Upper targets, 0.7377 and 0.7367. Watch 0.7356 as this point must break for AUD to head higher.

Upper ranges 0.7386, 0.7468, 0.7552, 0.7573. Below ranges, 0.7279, 0.7199 and big base point at 0.7100. Most important points 0.7386 and 0.7279.

Above points today, 0.7348, 0.7353, 0.7363, 0.7365, 0.7386.

Below points, 0.7274, 0.7265, 0.7249, 0.7218 and 0.7100.

Brian Twomey, Inside the Currency Market, btwomey.com

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