AUD/USD has reached the key point of the monthly support, we had talked about yesterday - 1.0246. The Aussie is still under the impact of a strong negative factor - the outcome of the meeting of the RBA.
From the technical viewpoint, we see that the pair has stalled at 1.0246, which is represented with the first weekly support, this level is the upward monthly trendline of the pair, which would change if the bullish outlook will break down the pair and this can start new massive sales.
Therefore, Momentum indicator is on oversold and is showing signs of a potential upside rebound, so we recommend buying above 1.0246 with a short-term goal at 1.0400, on the other hand, if there is a definite break through below this level, it is recommended to sell up to 1.0149.
