AUDUSD Chart Technical Outlook correcting higher towards 0.6470, RBA on Tuesday
AUD Basket – although there is ample scope for further buying pressure, I look for rallies to be sold close to 11.67. The anticipated move lower could be aggressive within the CD leg of a Bat formation. Tuesday morning, we have the RBA meeting minutes.
AUD/USD – forming a bearish Bat pattern. This formation will be completed close to 0.6624. Bespoke resistance is located at 0.6623 and 0.6626.
Resistance: 0.6561 (bespoke), 0.6570 (AB), 0.6623 (bespoke and Bat)
Support: 0.6493 (demand), 0.6485 (swing low), 0.6443 (swing low)
