AUD/USD: Australian dollar awaits RBA rate decision
|Are we going to see a run to 74.632 or a slide to 72.268? These are the two critical price points to take note in regards to the RBA rate decision in this Month announcement. The Aussie dollar currently trades in a falling wedge price pattern in the daily chart and has reached a one year low with prices starting to contract in a tighter price range. The Aussie dollar is now trading at 0.73344 and attempts to hold above 73.211. A run to the upside could see prices race to its first target at around 0.74362 and a fall in prices below 73.211 could see prices fall to 72.268.
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