The Aussie has traded in a tight range so far today with Moody’s downgrade of the Australian Banks not putting too much pressure on the currency as it was just coming into line with the other ratings agencies and the Monetary Policy Minutes didn’t give us anything fresh.
- R2- 0.7726 – Long term TL
- R1 – 0.7628 – TL + recent highs
- S1 – 0.7585 – TL
- S2 – 0.7520 – Multiple lows