Aussie Is Looking For Lower Support
Apr 6, 2023

AUDUSD

AUD found some sellers this week and most likely after lower CPI figures reported from Australia which means that RBA is most likely going to be on hold. It’s coming down from 0.68 after RBA did not change their rate decision.

The recent recovery on Aussie from 2023 low looks corrective, thus it can belong to a bearish trend , especially if we also see a break beneath 0.6654 level. That said, we see this as wave 4 within wave (A) so more weakness can be coming soon.

Aussie Is Looking For Lower Support AUDUSD 4H Chart
AUDUSD 4H Chart

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