AUD/USD Current price: 0.8221

The AUD/USD trades lifeless above the 0.8200 level this Monday, subdue by speculation low inflation readings in Australia will force the RBA to hold rates at record lows for longer than expected. From a short term technical perspective, indicators present a quite neutral stance, although the fact that the pair holds above the 0.8200 level continues to favor the upside. In the 4 hours chart the price bounces yet again from a bullish 20 SMA albeit indicators lost upward momentum and diverge towards the downside around their midlines.

Support levels: 0.8190 0.8150 0.8115

Resistance levels: 0.8240 0.8290 0.8330