AUDUSD Important levels before RBA decision and US election

3 Kas 2020

The AUDUSD held Tthe important level at 0.7000 last week, but there wasn't momentum buying and it finished the week near $0.7030. The RBA meets and is expected to ease policy, including a small rate cut and more bond-buying. 0.7080-$0.71 is now a zone of minor resistance and if volatility picks up risk is to go past 0.7150. On the other side if we break below 0.6965-70, the target to the downside will be 0.68