AUD/USD bullish slope intact – V.Bednarik

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FXstreet.com (San Francisco) - The Australian dollar finished mostly unchanged against the greenback on Tuesday, even as poor global manufacturing data tested risk sentiment ahead of a Reserve Bank of Australia's ( RBA ) policy meeting where it is widely expected to keep rates unchanged.

AUD/USD last trades at 1.0235 vs. 1.0247 late Monday after finding intraday support in the 50% retracement of this year's fall at 1.0220. Further support is noted at 1.0180 and 1.0130, while resistance levels lie at 1.0280, 1.0315 and 1.0360.

From Valeria Bednarik, Chief Analyst at FXstreet.com: "In the short term and according to the hourly chart indicators are mostly flat as price consolidates and waits for a trigger, while in the 4 hours one the bullish outlook prevails: indicators head north above their midlines and 20 SMA bullish slope remains intact."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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