AUD/USD moving flat on the range and an estimated 0.7497 is considering further bearish movement of breaking through the support channel and range 0.7384.
Australia dollar continued to sink, weighed down by growing speculation that the Reserve Bank of Australia will cut its interest rates in less than a fortnight along with the strengthening of the U.S. dollar. While the RBNZ statement directly associated with New Zealand interest rates, traders took the view that this increases the likelihood that the RBA will also follow suit.
Technical Analysis
On the graph below the H4 can be seen one of the Elliott Wave count possibility that can help you make your decision trading today.
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