AUDUSD: RBA Hike in Play?

RBA hike expectations creeping in. AUDUSD eyeing key resistance at 0.7350. Could we see a breakout on a 25bp hike?

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Discussion Thread (4)

@victoria_strat·Updated 1mo ago

0.7360's a tougher nut, breakout might echo at 5m.

@emilyN_invest·Updated 1mo ago

Loading up short at 0.7375, expecting breakdown on 25bps.

@noah_ross·Updated 1mo ago

valamint, I doubt 0.7350 breaks on 25bps alone. Keep an eye on open interest, if it spikes we'll see shorts cover pushing us to 0.74. Invalidation - RBA doesn't hike, AUDUSD retests 0.750.

@austin_c·Updated 1mo ago

0.7315 more likely breakout level, not 0.7350.