Hey Guys, Hope you have a nice trade in the previous week.
Let me share another trade idea with you all. AUD/USD is consolidating in a trading range of 0.7615 – 0.7580. Further. It has completed the 38.2% retracement at 0.7615.

Fundamentals:
AUD: Cash Rate

Previous: 1.50%
Forecast: 1.50%

The cash rate is expected to remain the same but any change is likely to cause volatility. In my opinion, even the stable rate will strengthen the AUD. So the Buying Opportunities exists in the market.

Technical Levels:

USDCAD
R3: 0.7636
R2: 0.7617
R1: 0.7605
Pivot Point: 0.7586
S1: 0.7567
S2: 0.7555
S3: 0.7536

Recommendation:
Good to Buy Above 0.7620
SL: 0.7580
TP: 0.7640

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