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May 06 - 10:55 PM

AUD/USD - Little Change After RBA Upgrades Forecasts As Expected

By John Noonan  —  May 06 - 09:41 PM
  • RBA Quarterly SOMP just released upgraded forecasts as expected nRUA7GEHAI

  • AUD/USD unchanged on the day around 0.7780/85, as changes were well flagged

  • Bottom line for market is RBA doesn't see rate hike until 2024 at earliest

  • AUD/USD support at 10-day MA at 0.7763 and break would ease upward pressure

  • Stiff resistance is at 0.7815/25 with sellers head of 0.7800

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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