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Apr 05 - 01:55 AM

AUD/USD - Steady Before RBA; Eyes Path Of Least Resistance

By Ewen Chew  —  Apr 04 - 11:58 PM
  • AUD/USD hovers at Mon opening level 0.7618 on Australia holiday

  • Remains mildly elevated from Fri close; Asia slightly risk-on

  • Ahead of RBA decision Tues, little catalyst for AUD

  • Central bank expected to keep rates at record low nL1N2LU0AB

  • 100 DMA continues to cap at 0.7636; dovish RBA may weigh AUD

  • Closing below 0.7605 engages Bollinger downtrend channel

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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