Source: TradingView
Current Trend Direction: Bullish
Bias: Positive
Support Levels: 0.6833,0.7031
Resistance Levels: 0.72715, 0.74070
Medium Term Path: A slow grind higher for AUD/USD in the medium term. The RBA hike provides the Aussie with some support. Yes the demand is still there. But we need to see a positive flip on the Supertrend and momentum to push AUD/USD higher towards 0.72715. From there the next level to watch would be 0.7407.