The Australian dollar had a resistance level at 0.7370. Ever since it touched this point, it has been on a downtrend. Could it be developing a new support level at 0.7288. On Friday, there will be high impact news to be released on the USD but for now this pair is in a range form. The Aussie has been losing to the dollar since Tuesday and might continue if the next news comes out in favour of the US dollar.
The AUD/USD with the RSI has been on the sell region for sometime but yet to be oversold i.e. yet to get below 30%. The ichimoku kinko hyo (senkon span) has been in the sell region, which might still retain its stand.
