• Price: 0.7459 (market)
• Stop: 0.7400
• Limit: 0.7630
• Expected time for reaching the target: 3 days
The decision of the Reserve Bank of Australia left its main interest rate unchanged at 1.75%, failed to support the Aussie for a long term. The pair is currently trading below the psychological level of 0.7500. Given the negative data expected overseas, I see an opportunity to open a long position in AUD/USD with shallow stop on 0.7400. On hourly chart RSI suggests an impending upward movement. The limit of today's commercial idea is under the maximum from June 23 - 0.7630.
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