- AUD/USD testing support level
- Pessimism in rate hike
Price Movement
Since yesterday, AUD/USD has been moving indecisively.
Trend
AUD/USD is currently trending downwards.
Important Issue
This morning during a speech at the Australian Financial Review's Business Summit at 0610 (SGT), Royal Bank of Australia Governor Lowe commented that "It's hard to think of a scenario where interest rates would need to go up this year".
Technical
AUD/USD is currently testing the 0.70700 support level.
Price Levels
Current Price: 0.70604
Next Resistance: 0.71800
Next Support: 0.70700