AUDUSD Rate Decision On Tap
06
Aug
2012
2012
The AUDUSD has been lingering uncomfortable close to the top of its acceding channel over the last few days. Tuesday's rate decision could be the catalyst to push the pair above trend line resistance. A clean break of the channel would expose 1.0630 followed by 1.0850. If the Rate Decision doesn't inspire a break of the channel the cross could move back towards support at 1.0435. AUD rate decision is due at 4:30 GMT.
Sup 1.0435
Res 1.0590
Keane Insight: Waiting for Rate Decision. PX will dictate.
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