The Australian dollar currency remains uncertain against the US dollar, ahead of tomorrow’s important Reserve Bank of Australia rate decision. A bearish head and shoulders pattern across the lower time frames will be activated if sellers move the pair under the 0.7700 level. Bulls need to rally the price above the 0.7880 area to invalidate this large bearish price pattern.
The AUDUSD pair is only bullish while trading above the 0.7700 level, key resistance is found at the 0.7800 and 0.7880 levels.
The AUDUSD pair is only bearish while trading below the 0.7700 level, key support is found at the 0.7650 and 0.7600 levels.
