AUD has strengthened after release of the hopeful minutes of meeting by the Australian Reserve Bank. Another important event today will be speech by Janet Yellen, Head of the US FED which can support the USD. In the H4 time frame the pair is approaching to the resistance level of 0.7500 which enables to open positions for selling from the current price to 0.7440.
In the H1 time frame the currency instrument is decreasing after session of the US FED on maintenance of the interest rate. Today the pair can turn around after speech by Janet Yellen, the Head of the US FED which can support the USD. The technical analysis shows that the pair has fallen to Fibonacci’s 23.6 which enables to set a pending order buy limit 1.2750 with tp 1.2810.
After release of the data on the hopeful minutes of meeting by the Australian Reserve Bank the currency pair is still strengthening. The technical analysis features on-going uptrend which enables to open position for purchase from the resistance level 1.0476 to 1.0512.