USD raised its rates in March and signalled 6 more hikes in the near future. These are very bullish signs for the USD whereas the RBA has dropped "Patient" from their policy statement signalling a possible 2022 hike
USD signals 6 more rate hikes.
- Resistance 0.745
- Support 0.718
Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.
Call to Action/Trade Idea
Wait for price to retrace and test the demand for the product, if demand is weak, join the force pushing to the downside.