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Jun 25 - 12:12 AM
AUD/USD - RBA Stance Little Changed, But USD To Lead Into G20
First appeared on eFXplus on Jun 24 - 09:50 PM
  • Flat in Asia, though a nearly 20 pt range and good volume at the Asia open
  • RBA's Lowe thought less dovish yesterday, maybe a mistake
  • He kept pressure on the gov't to foster growth, while the RBA cuts rates
  • RBAWATCH OIS has a July cut at 88.26% and another in November fully priced
  • Charts - momentum studies climb, 5, 10 & 21 DMAs conflict at neutral levels
  • Neutral setup - today's 0.6954/0.6972 Asian range initial support/resistance
  • AUD largely USD driven in the last week and that likely sustained into G20

aud jun 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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