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Feb 01 - 05:55 PM

AUD/USD - Resilient On Expectations Of Slightly Upbeat RBA

By Krishna K  —  Feb 01 - 05:01 PM
  • AUD/USD opens 0.3% lower but holds above pivotal support despite strong USD

  • Buoyed by improved risk mood & optimism on U.S. fiscal stimulus nL1N2K71V1

  • Supported by strong recovery of domestic economy; hiring, house prices lift

  • RBA meets Tues, expected to upgrade GDP, lower unemployment forecasts

  • AUD resilience impressive but will face sterner test this week nL4N2K60B5

  • Lower iron ore prices, metals markets correction to cap ralliesnL8N2K7312

  • Support 0.7590-0.7600, 0.7565, 0.7547; resistance 0.7660-65, 0.7690-0.7700

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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