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Feb 05 - 11:55 PM

AUD/USD - Rallies As RBA Stays On Hold, Sounds Cautious On Rates

By Krishna K  —  Feb 05 - 10:50 PM
  • AUD/USD moves higher after RBA holds rates steady at 4.35% as expected

  • Central bank warns demand still high, does not rule out further rate hikes

  • Trims its forecasts for inflation and economic growth

  • Governor Bullock to expand on reasons for decision at 0430 GMT news briefing

  • AUD/USD which was trading around 0.6490-95 before decision rallies to 0.6408

  • Upside limited as U.S. yields stay elevated on Fed caution on rates

  • Support 0.6452, Nov 17 low and 0.6412, 76.4% of Oct-Dec rally

  • Resistance 0,6520, 0.6550; Tue range 0.6478-0.6508

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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