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Trader, analyst and instructor with a 6-year experience

AUD/USD recovered to $1.0200

AUD/USD recovered back to $1.0200 after having touched a fresh two-month low at $1.0160. The next sell orders are seen at $1.0220 and $1.0250, while buy orders lie at $1.0180, $1.0150 and $1.0120.

The overall technical picture remains negative. However, strategists at Bank of New Zealand expect the $1.0115 support to hold the downside in AUD/USD. Specialists doubt that there will be another RBA rate cut. 

Chart. Daily AUD/USD

AUD
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