Instrument: AUDUSD
Technical Analysis
Bearish Preference:
Sell is envisage if price trades below 0.75953 with take profit at 0.75738.
Bullish Preference:
Buy is envisaged if price trades above 0.76230 with take profit at 0.76433.
Fundamentals:
4:00pm USD ISM Services PMI
Comment: AUD/USD takes a U-turn from intraday top of 0.7620 towards 0.7600 after RBA Governor Philip Lowe sounded dovish in her speech, published early on Wednesday.
The dollar was slightly up on Wednesday morning in Asia, trading near a two-month high against the euro as the disparity between the strength of the U.S. and Europe’s pandemic recoveries widened.
Analysis: SCRUM Team
