Most probably the Reserve bank of Australia will hold the Interest rate at 1.50% ! Therefore there are chances of appreciation in Australian dollar, It is trading above the major support level 0.73858 and forms a downward wedge pattern in a technical 4-hour chart. It would face hurdle at first resistance level 0.74002 and if it breaches this level, then it will face second resistance at 0.74064. Further mounting pressure will force the pair to climb till level of 0.74217 after solid breakout and breaching third resistance at 0.74118. It will hit level of 0.74575 followed by hitting value of 0.74778
If it crosses the support level, then it will get second support at 0.73791 and may witness a fall till level of 0.73598 after failure to sustain above third support level 0.73701.