AUDUSD dropping for the third consecutive day is currently trading near 0.69600 Monthly Support. The pair suffered loss during today’s early session as the comments from RBA Governor Lowe, who said that it was reasonable to expect an extended period of low interest rates. In the daily time frame, the Aussie has finally touched the ascending trendline for the third time at 0.69600 strong support. The fresh weakness caused the pair to break the 0.618 Fibonacci retracement level and test the ascending trendline. The buyers will wait for their entry in the market once the pair breaks above the 0.618 level at 0.69750 which offers a great buying opportunities above the 200SMA leading the pair to 0.69990 and further to 0.703800. Today’s U.S Jobless Claims Economic release is eyed where the consensus is expected to lower the USD. Also, ECB meeting and US durable goods data today and US GDP on Friday are the key events which are expected to provide fresh signals. On the other side, the bears can enter into the market for a play only if it breaks the ascending trendline below 0.69600 which leads the pair to 0.69400.

AUDUSD Today:
Daily open: 0.69763
Daily Last high: 0.69841
Daily Last Low: 0.69625
Daily current growth: -0.09%