Disliked{quote} Hi T, I'm curious what value do you think the AUD/USD pair would be assuming the Fed normalise their central bank rate to 3.75% (as per the MarketWatch article say by 2017), whilst the RBA kept its current rate of 2.25% on hold. Let's assume commodities prices stay the same, and unemployment is roughly the same in both countries. Do you think it would it go below 6500? Its a hard one to call, but I'm trying to understand various realistic scenario's for a bottom on this pair. I think we will likely see rate rises by the RBA if the AUD/USD...Ignored
Weekly chart
H4 chart with weekly camarilla levels
Clear downtrend but I expect reaction at 78.6 weekly fib. Look at the history. The pair definitely found buyers there. Also by looking at h4/weekly we can see that L5 stands in alignment with RBA target.